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Skansa to build Moorgate Exchange in London

31 May 2012 (Last Updated May 31st, 2012 18:30)

Swedish construction company Skanska has secured a £53m contract from Telex SARL to build the Moorgate Exchange project near Moorgate Station in the City of London, UK.

Moorgate Exchange

Swedish construction company Skanska has secured a £53m contract from Telex SARL to build the Moorgate Exchange project near Moorgate Station in the City of London, UK.

The building will cover an area of 20,400m² and incorporates 12 storeys of office space, two roof-level plant floors and a two-level basement.

The floors will span between 7,900ft² to 24,600ft² to make them suitable for office accommodation, while the first and second floors of the building will be used for trading.

Designed by HKR, the building will be structured as a large rectangular block with the roof covered by an angled top with roof gardens on six different levels as well as a large amount of outdoor space.

The building is part of a £140m redevelopment of the former Telephone Exchange being carried out by private equity investors MGPA, CarVal Investors and Quadrant.

The developers of the building will work in co-ordination with London Underground and Crossrail as a Crossrail tunnels passes under the building.

The building will sit on a concrete basement on a raft with two concrete cores and the design will incorporate a string of V columns that allow loads to transfer to the outside of the building.

Skanska will also carry out mechanical and electrical works, building management and public health services, internal finishing and secure finance for the project through its newly formed Project Development group in the UK.

The company is expecting to achieve both BREEAM Excellent and LEED Platinum ratings in recognition of the new building’s sustainability features.

Construction on the project will start immediately and is expected to be completed in January 2014.

Skanska said the contract will be included in order bookings for Skanska UK for the second quarter of 2012.


Caption: The building will have 12 storeys of office space, two roof-level plant floors, and a two-level basement. Image: Skanska