Skanska awarded second Development Securities contract

Property firm Development Securities has awarded construction services company Skanska UK an £88 million contract for the next phase of a development project at PaddingtonCentral.

Work on the Two Kingdom Street project, which will see the construction of a 13-storey state of the art building, will begin immediately.

The new building has been designed around a grand multi-level atrium and will include ten floors of flexible office space and two floors of studio workspace for businesses.

The project follows the successful completion of One Kingdom Street by Skanska in February.

Julian Barwick, director at Development Securities, said he is looking forward to the building's successful completion in early 2010.

"Skanska has done an excellent job at One Kingdom Street, finishing on time and budget, and we are now inviting them to give a repeat performance," he added.

Two Kingdom Street is funded by Morley Fund Management and Quinlan Private.

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