Skanska has been awarded a contract to undertake a major office refurbishment project at Finsbury Circus, near Liverpool Street Station in the city of London.

The contract value amounts to around GBP 30 M, about SEK 310 M, which will be included in order bookings for the third quarter. The client is Hamburg-based Union Investment Real Estate GmbH, the owner of the "Finsbury Circus House", who has appointed CORE to manage the project on their behalf.

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Initial works will include the demolition of the ground floor slab, together with structural alterations to the existing eight-storey office building. During the reconstruction phase, Skanska will add an additional floor at roof level, to provide in excess of 1,000 square meters of additional prime fully serviced office space. Work also includes the full restoration of the existing Portland Stone facade to the Finsbury Circus elevation and the construction of a new rear facade incorporating Portland Stone and new windows to the rear elevation.

The architect for the scheme is Fletcher Priest. Work will start on site immediately, with completion scheduled for January 2013.

(CD)