Skanska Unveils Ambitious Office Development in Mayfair
Skanska is excited to announce its latest venture in constructing a state-of-the-art commercial office development, South Molton, located in the heart of Mayfair. This project is in collaboration with a joint venture involving Grosvenor and Mitsui Fudosan UK. With a contract value of GBP 197 million, which equates to roughly SEK 2.6 billion, this project is set to significantly enhance the commercial landscape in this prestigious area.
Project Overview and Specifications
The impressive South Molton project encompasses a comprehensive redevelopment plan, which includes the construction of two brand new category A office buildings. Covering a total area of 24,800 square meters (approximately 267,000 square feet), this initiative involves not only the demolition of existing structures but also the creation of 13,800 square meters (149,000 square feet) of modern office spaces designed to meet high standards.
Incorporating Retail and Leisure Spaces
In addition to office spaces, the project aims to integrate a variety of retail, leisure, and food and beverage outlets, ensuring that this location becomes a popular destination for both work and relaxation. A notable feature of this redevelopment is the renovation of the historic Running Horse public house, which will offer visitors an enriched experience.
Commitment to Sustainability
In fitting with global sustainability trends, Skanska is ensuring that the South Molton project meets rigorous environmental standards. The development is targeting a BREEAM Outstanding rating for office buildings and aims for a NABERS 5* accreditation as part of its Design for Performance initiative. Furthermore, the project is aspiring for WiredScore Platinum certification, highlighting its commitment to providing superb digital connectivity.
A Vibrant New Destination
South Molton will transform two acres of Mayfair into a vibrant hub, offering a blend of shopping, dining, and working environments. The collaboration between Grosvenor and Mitsui Fudosan UK is set to create an animated and inviting atmosphere that will attract visitors from all walks of life.
Construction Timeline and Future Outlook
The construction phase has officially commenced, with the project set to be completed by July 2027. This timeline will allow local communities and businesses to anticipate the exciting changes coming to their neighborhood, as Mayfair becomes home to this innovative office development.
Contact Information for Inquiries
For further details, please reach out to David Tuddenham, Senior Communications Business Partner at Skanska UK. He can be contacted at +44 7880 406018. For additional queries, Andreas Joons, the Press Officer of Skanska Group, is available at +46 (0)10 449 04 94. Any media-related inquiries can be directed to the media hotline at +46 (0)10 448 88 99.
Frequently Asked Questions
What is the South Molton project being developed by Skanska?
The South Molton project involves the construction of two new category A office buildings in Mayfair, enhancing the commercial landscape and integrating retail and leisure spaces.
What is the budget for the South Molton project?
The development has a contract value of GBP 197 million, approximately SEK 2.6 billion.
What environmental certifications is Skanska aiming for?
Skanska is targeting BREEAM Outstanding, NABERS 5* accreditation, and WiredScore Platinum certification for the South Molton project.
When is the expected completion date for the project?
The construction is expected to be completed in July 2027.
Who can be contacted for more information regarding the project?
For inquiries, individuals can contact David Tuddenham or Andreas Joons at Skanska for detailed information.
