Neal Pickering, Skanska UK’s Development Director, said: “This is a strategic purchase for us, as we continue to build our portfolio in the UK. We are actively looking for further development opportunities in London and Bristol.”
Savills advised Skanska on the purchase.
Skanska, under the Workplaces by Skanska banner, is currently developing The Monument Building in London EC3, which will provide 94,000sqft (8,733sqm) of office and retail accommodation over 10 floors, with completion due in May 2016. In Bristol, Skanska has topped out at its 61,000sqft (5,667sqm) office development at 66 Queen Square, the majority of which has been pre-let to KPMG. In Bentley, Doncaster, Skanska recently redeveloped, let and sold a ‘deep green’ workshops facility for its Cementation business – developed to the highest environmental standards.