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Sat 21 Oct 2006 12:00 AM

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Skanska scores mixed- use contract in London

Skanska has been awarded a US $44 million (£23.75 million) contract to build a combined office, retail and residential property in central London for property development company, Ebble Developments.

The property in High Holborn is located within the Chancery Lane conservation area, which places special requirements on the implementation and design.

The building will have a steel frame, with a stone and brick façade, some of which is being retained from the older building.

The new property will comprise a total of 8,000m2 net, with five floors of office space, nine residential units and seven shops at street level.

Work on the site begins this autumn, with completion scheduled in spring 2008.

According to a company statement, Skanska was awarded the project based on the company’s successful London projects, such as 30 St Mary Axe (Swiss Re), Moor House, Palestra, PaddingtonCentral, 50 Queen Anne’s Gate and many other central London schemes.

Skanska UK reported revenues of $1.44 billion in 2005.

The company, which has 3,400 employees, is active in building construction and civil engineering as well as utilities and building services.

Skanska is also a leader in the UK program for public-private partnerships.

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