Skanska has been awarded a contract to construct the Walbrook office and retail development in central London. The project will involve an investment of £ 150 mln (EUR 220 mln). The customer is UK property company Minerva.

Skanska has been awarded a contract to construct the Walbrook office and retail development in central London. The project will involve an investment of £ 150 mln (EUR 220 mln). The customer is UK property company Minerva.

The construction project, at the intersection of Walbrook and Bond Court, will be one of the largest in the City of London. It will comprise a total of approximately 60,600 m2, including 35,000 m2 of rentable office area and 6,000 m2 for stores and restaurants.

Skanska has carried out two major projects for Minerva in recent years, the 90 High Holborn development and the redevelopment of the company's headquarters on Wigmore Street. Work on the Walbrook project has now commenced and is expected to be completed towards the end of 2009.