Skanska has secured a £273m construction contract to transform One Appold Street, Broadgate, in the heart of the City of London.

Originally built in the 1980s during the major Broadgate development in the City of London, One Appold Street is set for a transformation. 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 contract is with Broadgate, a joint venture between British Land and GIC, and includes full construction and mechanical and electrical services installation.

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 the project achieving high sustainability targets, including NABERS 5–5.5* and BREEAM Outstanding.

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