Skanska has secured a £73M contract from Helical Plc to refurbish the 207 Old Street building in London, UK.
The Tower, part of The Bower development in the Old Street roundabout, will feature 15,890sq m of office space and 678 sq m of retail space.
Under the contract, the construction firm will strip the back of the existing building to its original frame, add three new floors to it and extend the floor plates by about 15%.
Skanska Managing Director, Steve Holbrook, said: “It’s great to be working with Helical Plc on another scheme. At Old Street, we’ll be able to showcase our wider expertise in sustainable refurbishment work and mixed-use developments, helping to redefine the building and create a modern workplace in this thriving part of London.”
The scheme is aiming to achieve BREEAM Excellent rating, as sustainable approaches will be used in its renovation and water-efficient fixtures and fittings will be installed.
The Tower is expected to be complete in June 2018.
* Data provided by Timetric's Construction Intelligence Center.