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Transactions - MARCH 3, 2022

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Skanska to build €284m mixed-used development in London

by Andrea Zander

Skanska has signed a contract with Welput, the specialist central London office fund managed by BentallGreenOak (BGO), to deliver a mixed-use commercial development in Victoria, London. The contract is worth £235 million (€284 million/$314 million).

The 43,700-square-meter (470,000-square-foot) building will provide commercial office space over 16 floors, along with retail units at ground level. Skanska will deliver the building construction, along with mechanical and electrical engineering services.

The project will pioneer innovations in sustainability to create a healthy, green building fit for the future. It will focus on carbon reduction through attention to detail at every stage — from material selection, site operating efficiencies to modern methods of construction. The building is designed to meet Energy Performance Certification (EPC) A certification and WELL Platinum certification and exceed The Royal Institute of British Architects (RIBA) 2030 sustainab

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