Minerva has signed a £150 million construction contract with Skanska, one of the world's leading construction groups, to build a large office building in London.

The £150m St Botolphs project involves a new 14-storey office and retail development that will provide approximately 52,000 square meters of high quality accommodation. The building will have a characteristic design with lightly rounded corners.

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Preparatory work, including ground work and piling, has begun. The project is planned for completion for 2010.

Skanska is applying its integrated expertise in the project, including building construction, piled foundations, mechanical and electrical services as well as steel decking.

(CD/JM)