Skanska bags £100m London Wall office scheme

Aaron Morby 3 years ago
Share

Skanska has secured the job to build a major new city of London office scheme for developer LaSalle Investment Management Citygrove.

1991-constructed city office building is being demolished to make way for new office complex with extra five floors set back from lower facade
1991-constructed city office building is being demolished to make way for new office complex with extra five floors set back from lower facade

London planners gave the thumbs up to redevelop a 1991-constructed city office building at 60 London Wall at the start of the year.

Enabling works are now underway and Skanska is expected to start work on the Moorgate building project towards the end of the year.

60 London Wall

The EPR designed building will boast five set-back upper floors with roof terraces, which will not be visible from street level

The existing office will be stripped back to its steel frame and rebuilt with an extra four floors raising the total office space to 320,000 sq ft.

Designs by architect EPR see the upper five floors of the 12-storey building stepped and set back from the front elevation lessening their impact at street level and creating outdoor space for terraces.

60 London Wall

Down with the 25-year-old building, and up with the new enlarged commercial scheme

‎LaSalle Investment Management bought the 260,000 sq ft building for just under £200m last summer on behalf of California State Teachers’ Retirement System.

Gary Player, Head of London Business Space, ‎LaSalle Investment Management commented: “We acquired 60 London Wall because of its prime location in an area that is becoming more accessible, with Crossrail/Elizabeth line, as well as the opportunity to create significant additional lettable area and a first-class product that we will be delivering in 2019.”

Latest news

Fit-out firm fined £1.1m after ladder fall

Engineer needs transfusion after massive blood loss caused by fall injury
1 day ago

SIG management blunders rack-up £112.7m loss

New boss promises growth strategy after PwC called in to investigate divisional forecasts
2 days ago

Union calls for construction workers to wear masks

Unite demands revisions to Construction Leadership Council guidelines
2 days ago

Robertson approved to start major Blackpool hotel

Site clearance to start next week on phase 2 of £100m Talbot Gateway regeneration
2 days ago

Failed NHS Nightingale joinery firm sold in pre-pack deal

J&P Carpentry and Joinery went into administration after working on Birmingham NEC hospital
2 days ago

Steel erection starts on first HS2 bridges

Cleveland Bridge starts erecting 65m bridge to span M42
2 days ago

Scotland’s builders begin return to work preparations

Firms hope to be cleared to return to work from mid-June
2 days ago

£61m infra loan to pave way for 6,500-home scheme

Local contractors to sign first deals this summer to transform Cambridgeshire site
2 days ago

Keep the industry updated by joining the Enquirer Directory

Membership lets construction know you are open for business now or in the future
2 years ago

Vistry asks subcontractors to cut rates

House builder warns trade packages could be retendered
3 days ago

TClarke rides out lockdown and eyes £2m half-year profit

M&E boss says swift cost savings helped firm breakeven in April and May
3 days ago

Kier confirmed for £97m Heartlands Hospital job

Work to start this summer on Ambulatory Care and Diagnostics Centre
3 days ago

Costain completes £100m fund raise

Dubai contractor takes 15% stake in Costain
3 days ago

Tycoon’s £1bn flats scheme consent quashed in Whitehall U-turn

Housing secretary accused of bias in backing Richard Desmond's 1,500-flat Isle of Dogs scheme
3 days ago

First pictures of giant HS2 tunnelling machines

TBMs being manufactured in Germany before launch on site later this year
3 days ago

M&E contractors hoping to ‘hold on’ through covid crisis

Engineering services leaders urge whole supply chain to work together to survive
3 days ago

Griffiths to start £25m historic Welsh viaduct upgrade

Restoration work to start next month on 150-year-old wooden viaduct
3 days ago

Barratt subcontractor rate cut letters “sent in error”

Specialists assured that 15% rate reductions are "not company policy"
4 days ago

NHS Nightingale joinery firm goes under

J & P Carpentry and Joinery collapses weeks after fast-track NEC conversion
4 days ago

EDF seeks consent for £18bn Sizewell C nuclear plant

Project will employ 25,000 construction workers, delivering a big post-covid 19 stimulus
4 days ago

Covid-19 compliance officers keep Ballymore sites safe

Contractors can draft in virus-protection help from new specialist supplier
4 days ago

ISG secures £17m Dudley leisure centre

Work to start on delayed Flood Street area leisure centre and swimming pool
4 days ago

Construction output to plunge 25% this year

Despite a strong rebound 2021 forecast to be down 6% from last year
4 days ago

£1bn building safety cladding fund open to applicants

Residential building owners can apply for funding for remedial work on non-ACM cladding systems
4 days ago

Roads contractors told to halve accident rates

Highways England aims to build on improved site safety performance seen during covid-19
5 days ago

Keepmoat to restart work on sites across England

House builder employs 1,150 staff and supports 10,000 supply chain jobs
5 days ago

A66 TransPennine £1bn upgrade route picked

Amey/Arup JV wins £45m design contract
1 week ago

Plan in for station on £40m revived Birmingham rail line

Plan lodged for new Moseley station on Camp Hill railway re-opening project
5 days ago

Highways firm trials social distancing tags on sites

Lightweight system can be clipped on belts, lanyards or hard hats
5 days ago

Ferrovial drops Agroman name

Ferrovial Construction become major project brand
5 days ago

Contractor services