Construction firm Skanska has just been awarded the contract to build the Heron Tower in the City of London.
The contract worth £242 million to Skanska has been awarded to them by the Heron Tower Property Unit Trust, an investment vehicle set up by Heron Properties and its backers to build the scheme whilst minimising their liabilities.
Beating off their rivals in winning the job will come as little surprise to many because Skanska are already carrying out demolition on the buildings located previously on site and have been involved in substructure works for some time making them excellent placed to continue work seamlessly.
Construction work on the tower proper is set for the beginning of 2008 with the towers substructure and superstructure being built simultaneously to increase the overall speed the project can be constructed in.
Skanksa have great experience in building tall buildings in the United Kingdom - their most famous recent work has been 30 St Mary Axe, also in the City of London and better known to the general public as the Gherkin.
In this case they won't only be the main contractor but giving input into many of the services and other features going into the building including the structural steel, mechanical and electrical elements and cladding.
Heron Tower has been designed by the architecture firm Kohn Pederson Fox, the 202 metre tall office building which will be topped with a spire pushing its height further to 246 metres will be the second tallest building to its tip in the City of London on completion after the Bishopsgate Tower. It is due to be finished in 2011.
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