Skanska appointed to build £260 million New Ludgate development

Press release 21/06/2013 10:00 CET

Land Securities Group PLC has appointed Skanska as main contractor to design and construct its new mixed-use development in the City of London: 1 & 2 New Ludgate, London EC4.

1 & 2 New Ludgate

The £109 million construction contract will start in August 2013 and complete in April 2015. It is designed to meet the BREEAM ‘Excellent’ standard.

The 379,000sqft scheme is close to St Paul’s Cathedral. Two office buildings will be linked by a public piazza and improved pedestrian routes, with 33,000sqft of retail and restaurant facilities at ground and basement levels.

The contract includes design and construction, to Category ‘A’ fit-out on selected floors, plus public realm works.

The new development is already well connected with existing local transport links, but in 2018 access to Crossrail, Thameslink and London Underground will be within easy reach when works at the nearby Farringdon Station are completed, making this a highly sought-after City location.

The public realm enhancements will create an attractive environment for office workers, pedestrians and visitors alike.

“1 & 2 New Ludgate will be an attractive addition to the City of London and reflects increasing confidence in the City office market,” said Paul Heather, managing director, Skanska UK. “To help ensure its success from the start, we worked in close collaboration with Land Securities to minimise risk to the project before we even break ground. Our expertise in BIM, for example, enabled us to consider at an early stage the detailed challenges of the distinctive ‘flying carpet’ roof.

“We look forward to working with Land Securities to create a desirable and appealing destination in this part of London.”