Skanska has been awarded the contract to build Heron Tower in the City of London. The Swedish construction company was picked for the EUR 167 mln project by the trustees of the Heron Tower Property Unit Trust.
Skanska has been awarded the contract to build Heron Tower in the City of London. The Swedish construction company was picked for the EUR 167 mln project by the trustees of the Heron Tower Property Unit Trust.
At 202 metres, the 46-storey Heron Tower will be one of the tallest towers in the City of London. A mast will bring the overall height to 242 metres. The new Heron Tower development is being constructed at 110 Bishopsgate in the City of London and demolition of the existing buildings is already underway.
The main construction work will start at the beginning of 2008, with both the sub-structure and super-structure works being carried out in parallel to achieve an overall shortened build period. The project is scheduled to be completed in early 2011.
Skanska has already completed a number of high-rise schemes in London: 30 St Mary Axe, the Ministry of Defence's Headquarters on Whitehall, Moorhouse and Palestra. In addition, the company is working on Queen Anne's Gate, One Kingdom Street and PaddingtonCentral. Skanska UK reported revenues of EUR 1.3 bn in 2006.
Separately, Denmark's Sjaelso Gruppen said on Wednesday that it has begun work on the first two stages of the 130,000 m2 Copenhagen Towers. The skyscrapers, with an investment volume of EUR 287 mln, will house a hotel, conference centre and offices in the Danish capital.