Construction Starts on 100 Cheapside in the City of London

Construction Starts on 100 Cheapside in the City of LondonSkanska UK has been selected to deliver a £28 million construction contract on the redevelopment of 100 Cheapside in the City of London.

Work on the 18-month contract is set to start immediately, paving the way for new jobs in the building industry and boosting the trades.

The scheme will see the demolition and construction of a ten-storey commercial building for its client, Ten Times Ten Development, a joint venture between Quadrant Estates and City of London.

The development will include 9,000 sq ft of retail accommodation, which is likely to attract major brands looking for exposure to the City retail market on this prime retail thoroughfare.

Director at Quadrant Estates, Graham Tyler, said: “We have set high environmental targets for 100 Cheapside, and as a leader in sustainability Skanska is best placed to meet these.

“We are working with them on another City development and are confident that both will be delivered to a high standard.”

100 Cheapside will be a BREEAM ‘Excellent’ building, which will offer office floor plates of up to 11,000 sq ft over 10 floors, targeting core City occupiers looking for Grade A space.

Paul Heather, Managing Director at Skanska for London and the South East said: “Skanska is delighted to have won this contract in the heart of London.

“Winning this in such competitive market conditions is a true testament to our commitment to a more sustainable future and our client’s confidence that they can use our knowledge and skills to achieve a building which meets the high environmental standards of today and for years to come.”

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Posted on March 5, 2013, in Building Construction Industry, Building Engineering Sector, Business, Career change, Construction, construction jobs, construction news, electrician jobs, Employment, Environment, Government, Infrastructure, jobs, plumbing, Politics, t4ts, Trades, train4tradeskills, Train4TradeSkills News, UK Economy and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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