Work will start immediately on the 16-storey development which is due for completion in the autumn of 2013.

Skanska has put together its own in-house team for the scheme covering construction, mechanical and electrical service installations, piling & foundations and utilities.

Client is Bevis Marks Development Ltd which is made up of AXA Real Estate, MGPA and Eurohypo.

The building will boast latest sustainable construction techniques to achieve a BREEAM Excellent rating and will include combined heat and power generation, rainwater harvesting systems, energy saving lighting systems, condensing boilers, electronically commutated motors on fan coils and energy reclaim systems on plant.

Paul Heather, Managing Director of Skanska’s Building – London & South East Operating Unit said: “Credit must be given to all parties involved in this project for their persistence over the past months to ensure we have reached contract award.

“We look forward to working with Fletcher Priest Architects and Waterman Structures/Services to deliver this BREEAM excellent building during 2013.”