Skanska has been appointed on a £273m construction contract to redevelop One Appold Street at Broadgate in the City of London. The scheme, originally completed in the 1980s as part of the wider Broadgate estate, will undergo a major transformation while retaining much of its existing structure.

Under the deal with Broadgate, a joint venture between British Land and GIC, Skanska will deliver the main construction works and install building services. The contractor's in-house mechanical, electrical and public health (MEP) specialists will provide the full MEP installation.

The refurbishment will largely keep the building's concrete and steel frame, add six new floors and extend the floorplates. A new facade is planned to align with the contemporary architecture seen across other recent Broadgate developments.

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When finished, the project will deliver a 14-storey building offering approximately 360,000 sq ft of high-quality office accommodation alongside around 48,000 sq ft dedicated to leisure and hospitality uses.

Executive Vice President Terry Muckian, who leads Skanska UK's building business, said: "Partnering with British Land for another major office in London is a privilege. Together we have designed and delivered outstanding buildings that transform spaces and have enabled businesses to create exceptional working environments. The redevelopment of One Appold Street will further enrich Broadgate, delivering a modern, elegant building that complements the neighbourhood."

Sustainability is central to the brief, with a strong focus on circular principles and reuse of existing materials. The project is targeting NABERS 5–5.5* performance and a BREEAM Outstanding rating.

Project Director for Skanska, Tony Boorer, added: "We've worked closely with our customer to design a building with sustainability embedded in its DNA. By structurally refurbishing the building, the existing concrete and steel frame will be largely retained, avoiding the high carbon impact of demolition and in fabricating new steel. We're excited to move into full delivery and look forward to seeing the project develop."

Construction is now underway, with practical completion expected in the first quarter of 2029.