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22/04/2008

Skanska UK Awarded £88m Contract

Development Securities has awarded Skanska UK a contract worth around £88 million to construct Two Kingdom Street at PaddingtonCentral.

This latest project will be the second building Skanska has constructed for Development Securities and follows the successful completion of One Kingdom Street in February.

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Two Kingdom Street is funded by Morley Fund Management and Quinlan Private.

Work on this latest award begins immediately, and involves the construction of a 13-storey state-of-the-art building, comprising 46,200 square metres. Two Kingdom Street has been designed around a grand multi-level atrium with 10 floors of flexible office space and two below-podium floors of Studio workspace for business starter units.

Two Kingdom Street, PaddingtonCentral is scheduled for completion in January 2010.

(CD)

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