Skanska have been appointed to construct a £115 million development in the heart of the Square Mile.
6 Bevis Marks will provide 170,000 sq ft of office space and will be capped by a triple height glazed roof atrium and a roof garden.
AXA Real Estate and MPGA have appointed Swedish firm Skanska to start construction on their 6 Bevis Marks scheme in the Square Mile.
Designed by architects Fletcher Priest, the £115 million development will bring 170,000 sq ft of office space to the City of London when completed in 2013. Skanska were appointed for construction after being involved in the demolition phase of the project which has been financed by European real estate bank Eurohypo.
6 Bevis Marks will offer a range of floorplates from 6,000 sq ft to 13,000 sq ft which have been designed to appeal to a wide range of tenants. It’s thought the scheme will be around 16 storeys tall and will feature a glass topped atrium and a “sky garden” on the top floor which according to AXA will provide “one of the most exciting additions to the skyline in the City’s tower cluster, alongside the Gherkin and Heron Tower.”
There are also plans for the development to be awarded a BREAM ‘Excellent’ rating and to be 80% more efficient than the building it replaces. It’s thought Skanska will reuse more than 50% of original structure mass of the site during the construction phase.
“To be appointed as principal contractor for the construction phase of this innovative 170,000 sq ft new build development is a challenging prospect, but one that we relish and we are confident that, alongside AXA Real Estate and MGPA, we can deliver an outstanding and highly sustainable new office property onto the market,” commented Skanska’s Paul Heather.
With 6 Bevis Marks due to be completed in September 2013, developers AXA and MPGA are hoping to capitalise on an anticipated lack of new build supply in the Square Mile. In addition to its key City location, the new scheme is also set to benefit from its close location to Liverpool Street station which will is set to receive a new crossrail terminal in 2017.
Commenting on the prospects for 6 Bevis Marks, AXA Real Estate’s UK director of development Harry Badham said: “We believe Bevis Marks will provide an exceptional workspace and is being delivered at a time when new build space will be in short supply, further emphasising our ability to source innovative assets which have the potential to create significant value for our clients.”