Skanska has just been awarded the contract to build the Heron Tower... this tower is now 100% certain.
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STOCKHOLM, Sweden--(BUSINESS WIRE)--October 31, 2007
Regulatory News:
Skanska (STO:SKAB) today has been awarded the contract to
construct Heron Tower in the City of London by the trustees of the
Heron Tower Property Unit Trust. The contract value is around GBP 242
M, about SEK 3.3 billion, which is included in order bookings for the
fourth quarter of 2007.
When complete, Heron Tower will be one of the tallest towers in
the City of London with its 46 storey's rising to a height of over 202
metres. At the top of the building sits an elegant mast giving an
overall height of 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. Skanska has also been involved since
last spring, under a pre-construction services agreement in the design
process which included key components of the tower such as cladding,
structural steel, mechanical and electrical services and lifts along
with strategic logistical planning which will contribute to a
successful delivery of the tower.
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 combined its skills to offer its client a total
building solution, which incorporates expertise from all of its
operating units: mechanical, electrical, plumbing and IT services,
piling, steel decking, suspended ceilings and engineering resources.
Heron Tower heralds a long series of Skanska projects contributing
to a renewal of the London skyline, such as 30 St Mary Axe, The
Ministry of Defence's Headquarters on Whitehall, Moorhouse and
Palestra.
In addition, the company is currently working on Queen Anne's
Gate, One Kingdom Street and PaddingtonCentral. As earlier reported,
work has begun on a number of new projects during 2007, totaling GBP
332 M, about SEK 4.5 billion. These include Crown Place, Dashwood
House, Gresham Street and The Walbrook.
Skanska UK reported revenues of SEK 12.3 billion in 2006, with
about 5,500 employees. The company is active in building and civil
construction, utilities and building services. Skanska is also a
leader in the British program for private public partnerships, PFI
(Private Finance Initiative).