Skanska's Ambitious Transformation of One Appold Street
Skanska, a leading construction and project development company, has announced its commitment to a significant redevelopment project in the heart of London. The contract, valued at GBP 273 million (approximately SEK 3.4 billion), is with British Land and GIC as part of a collaborative effort for the Broadgate joint venture.
A Modern Vision for an Iconic Address
One Appold Street, a building with a rich history dating back to 1986, is set to undergo an extensive upgrade that will redefine its purpose and appeal. This project will not just refurbish the facade but will also enhance the structural aspects and overall aesthetic. With a vision focused on sustainability, Skanska’s redevelopment aims to meet modern standards for commercial space, adding six new floors to the existing structure.
Details of the Redevelopment
The refurbishment plan includes expanding the floorplates in all directions, creating a 14-storey building with approximately 33,500 square meters (360,000 sq ft) of premium office space. Additionally, 4,500 square meters (48,000 sq ft) will be dedicated to features such as a gym, restaurant, and a rooftop terrace, providing future tenants with a vibrant work-life balance.
Construction Timeline and Progress
Commencing in the first quarter of 2026, the project is projected to reach completion by 2029. This timeline reflects Skanska’s commitment to quality and precision in construction, ensuring that the final product will embody excellence and innovation.
Contact Information for Media Enquiries
For further information regarding this transformative project, media outlets can contact:
Matthew Woodhouse, Senior Communications Business Partner, Skanska UK, tel: +44 (0) 739 209 8683
Andreas Joons, Press Officer, Skanska Group, tel: +46 76 870 75 51
Frequently Asked Questions
1. What is the purpose of the redevelopment at One Appold Street?
The redevelopment aims to transform the existing building into a modern, sustainably developed commercial space featuring office and community amenities.
2. When will the construction begin and end?
The construction is planned to start in the first quarter of 2026, with an expected completion date in 2029.
3. Who are the partners involved in this redevelopment?
This project is a collaboration between Skanska, British Land, and GIC as part of the Broadgate joint venture.
4. How much is the redevelopment project valued at?
The total value of the redevelopment project is GBP 273 million, equivalent to about SEK 3.4 billion.
5. What amenities will be included in the new development?
The new development will include office space, a gym, a restaurant, and a rooftop terrace, contributing to a dynamic environment for tenants.
