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Construction firms Skanska and Mace are battling it out to build a new office development in the City of London.
Developer Land Securities secured planning permission for its 375,000 sq office redevelopment at 30 Old Bailey and 60 Ludgate Hill in June and is now locked in talks with the two firms over the £120 million project, Construction Enquirer has reported.
The development, which is designed by German architects Sauerbruch Hutton, will feature 195,000 sq ft of office space spread out over nine floors as well as a restaurant and shops.
Colette O'Shea, head of development, London Portfolio, Land Securities, said: "We were the first to re-start a major development programme after the downturn anticipating supply constrained conditions and this is the latest part of our clear plan to deliver over two million sq ft of new space by April 2014."
Skanska is also hoping to win the contract to build Principal Place, a 600,000 sq ft office project which will be located near Liverpool Street station.
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