Developer Land Securities is understood to be in final negotiations with the two firms on its 375,000 sq ft 30 Old Bailey and 60 Ludgate Hill office redevelopment in the City of London.

The mixed-use development is expected to be worth up to £120m and will involve constructing two buildings offering high quality office accommodation, a restaurant and shops.

The job is one of two massive London office projects being chased by Skanska, which is hoping to land another big job in the capital after the Heron tower to keep its London building team busy.

It is also pitched against Sir Robert McAlpine to build Principal Place, Hammerson’s 600,000 sq ft office project which will be built near Liverpool Street station.

Colette O’Shea, head of development, London Portfolio, Land Securities, said: “We were the first to re-start a major development programme after the downturn anticipating supply constrained conditions and this is the latest part of our clear plan to deliver over two million sq ft of new space by April 2014.”

The Old Bailey scheme is designed by world renowned German architects Sauerbruch Hutton.

It will offer 195,000 sq ft of office space across nine levels with floors averaging 22,600 sq ft and providing uninterrupted views of the City.

There will be two open terraces on the 9th floor with views over the Old Bailey and to St Paul’s Cathedral.

The offices will have a prominent entrance on Old Bailey with restaurant accommodation fronting the piazzetta at ground floor level.