Skanska UK wins £88m Two Kingdom Street project

Skanska UK has won a contract worth about £88m to construct Two Kingdom Street at PaddingtonCentral.

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

wo 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 building, comprising 46,200m2.

Two Kingdom Street, has been designed around a multi-level atrium with 10 floors of flexible office space and two below-podium floors of studio workspace for business starter units.

To undertake this project, Skanska has again put together a team that draws on its building, mechanical and electrical, ground engineering and specialist operating units.

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

David Fison, chief executive of Skanska UK said: "Successful projects come from successful teams. To create successful teams you need compatible cultures, early engagement to address the issues and plan the job and continuity of work to keep the teams together. One Kingdom Street was a great example of a successful project. Two Kingdom Street will be even better.”

Julian Barwick, director, Development Securities said: "Skanska has done an excellent job at One Kingdom Street, finishing on time and budget, and we are now inviting them to give a repeat performance. They are a great team and I look forward to this building's successful completion in early 2010."