Skanska rebuilds 7 Millbank in London, UK, for GBP 105M, about SEK 1.4 billion

Skanska has signed a contract with Baola Properties Limited, c/o Old Park Lane Management, for construction and mechanical and electrical engineering services for the redevelopment of 7 Millbank in London, UK. The contract is worth GBP 105M, about SEK 1.4 billion, which will be included in the order bookings for Europe for the third quarter of 2024.

Skanska will lead the construction of a new nine-storey office building with two basement levels. The design and build of approximately 12,100 square meter flexible workspace will include reconstruction of the original historic façade, which has been carefully deconstructed and stored before being rebuilt into the new structure to maintain and enhance the building’s historic character.

The building is targeting environmental standards to achieve BREEAM Outstanding, WELL Platinum and Design for Performance to secure a Nabers 5* accreditation.

Construction will begin in July 2024 and is expected to be completed in January 2027.

For further information please contact:

Louisa Perry, Head of Corporate Communications, Skanska UK, tel +44 7407 802 546

Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

Skanska Group uses its knowledge and foresight to shape the way people live, work, and connect. We are one of the world’s largest project development and construction companies, with 2023 revenue totaling SEK 157 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our approximately 27,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.