Skanska has won a £73 million contract to refurbish a commercial building in London.

The contractor will work with Helical Plc to redevelop 207 Old Street, known as The Tower, with completion scheduled for June 2018.

The project forms part of a larger scheme called called The Bower development on Old Street roundabout, which will bring 171,000 sq ft of offices and 7,300 sq ft of retail space to the Silicon Roundabout area.

Features include stripping back the existing building to its original frame, adding three new floors and extending the floor plates by around 15%. The building will also be re-clad, featuring new washrooms and two extra lifts.


The project aims to achieve a BREEAM 'Excellent' rating, with sustainable approaches including water-efficient fixtures and fittings for building occupiers.

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."

Pavlos Clifton, Senior Development Executive at Helical, added: "Following the successful completion in November by Skanska of One Creechurch Place, London EC3, on time and in budget, we are pleased to be working together again and look forward to a similar high quality of delivery."

(LM/MH)