Skanska continues letting spree at The Monument Building

Press release 30/08/2016 11:00 CET

Skanska has let the ground floor of The Monument Building, its 94,000sqft (8,733sqm) 10-storey office-led development in the City of London, to Portuguese bank Caixa Geral de Depósitos.

Skanska continues letting spree at The Monument Building

The bank has taken the ground floor, comprising 1,619sqft (150sqm) of office space located adjacent to the building’s main reception, on a 15-year lease.

Alex Jordan, Skanska’s Leasing Director, said: ”This latest letting, which exchanged within days of the EU referendum announcement, demonstrates the continued demand for high-quality office space within the City. We are pleased to see a continuing mix of occupiers from different sectors – banking, legal, online travel and digital – signing up to take space at The Monument Building, with strong interest in the remainder of the scheme.”

The Monument Building, designed by architect Ken Shuttleworth’s Make, features four terraces, a large reception area, state-of-the-art cycle storage and shower facilities. The construction of the building, which has been fitted with a ‘curtain’ of twisted, anodised aluminium fins on the south façade, completed in May.

Work started on site at The Monument Building in December 2013 under the Workplaces by Skanska banner and has seen three separate buildings (11-15 Monument Street, 46 Fish Street Hill and 1-2 Pudding Lane) demolished and replaced with 90,000sqft (8,361sqm) of office space and 4,000sqft (372sqm) of ground-floor retail accommodation.

The new tenant will join UnderwriteMe Technology Solutions, TwentyFour Asset Management and Booking.com in the office space. One of the two retail units, on Fish Street Hill, has been let to Olive & Squash for its new salad bar concept.

Savills and CBRE represented Skanska in the transaction. Matthews Goodman advised Caixa Geral de Depósitos.