Skanska has secured a £141 million contract to deliver a new mixed-use scheme in London.

The contractor has signed a deal with the Olayan Group to deliver the 31,600 sq m K1 Knightsbridge project, which will create new high-end retail and office space, as well as 35 residential units and a new rooftop restaurant, in the Royal Borough of Kensington and Chelsea.

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A key feature of the scheme is retaining the site's historic facades, as well as modernising the building while maintaining the neighbourhood's architectural character. Step-free access to Knightsbridge underground station will be created via a new entrance.

Construction on the project got underway in April and completion is scheduled for the end of 2020.

(LM/MH)