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Skanska lands £97m New Street Square contract

14 Feb 14 Developer Land Securities has handed Skanska a £97m contract to build a new office development in central London.

A CGI of One New Street Square
A CGI of One New Street Square

One New Street Square is a 20-storey commercial building in the Holborn area of the capital, just off Fetter Lane.

The building comprises two basement levels, an upper ground floor with a reception area, retail units and a loading bay, commercial office space over 14 floors and two rooftop plant levels.

Skanska’s team is aiming for a BREEAM Excellent rating, through the efficient use of water and energy, minimising waste and maximum use of zero carbon materials. The building will have a bespoke glazed-framed unitised cladding system with solar shading fins.

Skanska managing director at Skanska Paul Heather said: “Securing this contract is excellent news for Skanska. Over the years the team has worked hard to deliver a number of excellent, prestigious projects in London for Land Securities.

“This has enhanced Skanska’s reputation in an increasingly competitive market, helping to create relationships with new clients and secure further work.”

Work begins this month and is scheduled to finish in the summer of 2016.

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