Skanska set to add major project to London portfolio with £273m construction contract

Latest News Tue, Feb 10, 2026 7:56 AM

One Appold Street, Broadgate, in the heart of the City of London, will be transformed by Skanska.

The contract includes full construction and mechanical and electrical services installation.

Originally built in the 1980s during the major Broadgate development in the City of London, One Appold Street is set for a transformation by Skanska. The refurbishment will retain the existing concrete and steel structure while adding six new floors and expanding the floorplate. A striking new facade will reflect the contemporary design of other Broadgate developments.

The construction contract is with Broadgate, a joint venture between British Land and GIC.

Skanska’s in-house mechanical, electrical and public health (MEP) specialists will also deliver the installation of mechanical and electrical services.

The works will result in a 14-storey building with approximately 360,000 sq ft of high-quality office space and 48,000 sq ft of leisure and hospitality facilities.

Executive Vice President Terry Muckian, who leads Skanska UK’s building business, said: “Partnering with British Land for another major office in London is a privilege. Together we have designed and delivered outstanding buildings that transform spaces and have enabled businesses to create exceptional working environments. The redevelopment of One Appold Street will further enrich Broadgate, delivering a modern, elegant building that complements the neighbourhood.”

A core element of One Appold Street’s redevelopment is sustainability, with circularity a significant focus for the design team. The project aims to achieve high sustainability targets, including NABERS 5–5.5* and BREEAM Outstanding.

Project Director for Skanska, Tony Boorer, added: “We’ve worked closely with our customer to design a building with sustainability embedded in its DNA. By structurally refurbishing the building, the existing concrete and steel frame will be largely retained, avoiding the high carbon impact of demolition and in fabricating new steel. We’re excited to move into full delivery and look forward to seeing the project develop.”

Construction works are now underway, with the project expected to be completed in Q1 2029.

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