A partnership of AXA Real Estate Investment Managers and private equity real estate investment advisory company MGPA has appointed Skanska to commence construction on 6 Bevis Marks, the major new 170,000 sq ft (16,000 m2) office development in the City of London.
A partnership of AXA Real Estate Investment Managers and private equity real estate investment advisory company MGPA has appointed Skanska to commence construction on 6 Bevis Marks, the major new 170,000 sq ft (16,000 m2) office development in the City of London.
Development finance for the speculative office scheme has been provided by Eurohypo and the project has an expected total development cost of £115 mln (EUR 138 mln).
The office scheme, located in the heart of the City of London's insurance district, is due for delivery in 2013.
Skanska has been awarded the full design and build contract for the Fletcher Priest Architects-designed scheme, having previously been engaged during the demolition phase. The asset is targeting a BREAAM 'Excellent' sustainability rating.
Jones Lang LaSalle is the leasing advisor to AXA Real Estate and MGPA.
