Skanska has let two floors to pan-European property company M7 Real Estate Ltd at The Monument Building.
This means there is now only one floor remaining in the 10-storey development which is located next to the Monument to the Great Fire of London.
M7 will occupy the third and fourth floors totalling 22,236sqft (2,066sqm). The leading specialist in pan-European, multi-let real estate has c. €2.5billion assets under management employing over 130 staff in 13 countries.
Neal Pickering, Skanska’s Development Director, commented: “With this letting, M7 becomes the largest occupier of The Monument Building, and can look forward to enjoying quality accommodation in a great location. We have another floor under offer which leaves just one remaining for which we have a great deal of interest.”
Jack Thoms, Director, Head of Investment Management at M7 Real Estate Ltd said: “The building’s inspiring features will make this a great location from which to continue to build our business. Our staff are very much looking forward to enjoying all of the amenities that the building offers, including its cycle storage facilities, showers and on-site food outlets in this highly regarded City location.”
Savills represented Skanska in the transaction and Compass Real Estate advised M7 Real Estate Ltd.
14/04/2017 10:51 by Buildington
Skanska has let the final of its two retail units at The Monument Building to Le Pain Quotidien bakery.
The Belgian boulangerie will take the remaining ground-floor retail space, comprising 2,695sqft (250sqm), next door to salad bar Olive & Squash.
Neal Pickering, development director at Skanska, commented:
“Le Pain Quotidien represents a great fit for the people who will use the building every day, as well as the local area. It’s also nice to be bringing a bakery back to this historic location some 350 years after the Great Fire of London began in nearby Pudding Lane. The building’s great features for tenants – including four terraces, cycle storage options and shower facilities – have helped to make this an ideal location for Le Pain Quotidien.”
Peter Jenkins, Le Pain Quotidien’s UK managing director, said: “We are delighted to open in this great part of the City with Skanska. Our goal in Le Pain Quotidien is to have fun while we’re providing healthy and responsible food in a sustainable way.”
Stephen Kane & Company advised Le Pain Quotidien. Nash Bond represented Skanska. Savills and CBRE are retained to let the remaining office space at The Monument Building.
02/12/2016 12:52 by Buildington
The ground floor of The Monument Building has been let to Caixa Geral de Depósitos, reports Skanska.
The Portugese bank has taken the ground floor, comprising 1,619sqft (150sqm) of office space located adjacent to the building’s main reception, on a 15-year lease.
Alex Jordan, Skanska’s Leasing Director, said: ”This latest letting, which exchanged within days of the EU referendum announcement, demonstrates the continued demand for high-quality office space within the City. We are pleased to see a continuing mix of occupiers from different sectors – banking, legal, online travel and digital – signing up to take space at The Monument Building, with strong interest in the remainder of the scheme.”
The new tenant will join UnderwriteMe Technology Solutions, TwentyFour Asset Management and Booking.com in the office space. One of the two retail units, on Fish Street Hill, has been let to Olive & Squash for its new salad bar concept.
Savills and CBRE represented Skanska in the transaction. Matthews Goodman advised Caixa Geral de Depósitos.
01/09/2016 13:03 by Buildington
UnderwriteMe Technology Solutions opened for business at The Monument Building on Tuesday 26th July 2016. They are the first tenant to move into Skanska’s 94,000sqft (8,733sqm) office-led development in the City of London.
The technology firm has occupied the 9th floor, comprising 5,779sqft (537sqm) of office space with an outdoor terrace.
Alex Jordan, Skanska’s Leasing Director, said: “This is a significant milestone for The Monument Building. It’s great to see tenants moving in and taking advantage of the top-quality facilities.
“At Skanska we develop buildings with the occupier in mind and the ninth (and top) floor, particularly, provides an exceptional working environment with excellent levels of light and fantastic views.”
Soon to be joining UnderwriteMe Technology Solutions are TwentyFour Asset Management which has taken the eight floor, Booking.com on the seventh floor and Olive & Squash which will occupy one of the ground floor retail units.
Savills and CBRE are the letting agents for the development.
27/07/2016 09:58 by Buildington
Skanska celebrated the launch of The Monument Building with City agents.
The great and the good of the City agency world turned out in force to view the recently completed nine-storey development located in the heart of the City of London, adjacent to The Monument to the Great Fire of London.
Managing Director, Development, Andreas Lindelöf, welcomed the guests and said: “The Monument Building is our first London development under our Workplaces by Skanska banner. With all our developments, we put an emphasis on place-making, sustainability and tenant profitability, creating the right working environment where companies and their workers want to be.
“Three of the nine floors of office space have been let, along with one of the two retail units. We now have 63,000sqft (5,853sqm) of Grade A office space available, with floor plates ranging from 1,838sqft to over 11,000sqft (171 to 1,022sqm) and one retail unit of 3,000sqft (279sqm) located on Fish Street Hill.”
The ninth floor of The Monument Building has been let to insurance company UnderwriteMe Technology Solutions; the eighth floor to TwentyFour Asset Management and; the seventh floor to Booking.com. One of the ground floor retail units has been taken by Olive & Squash which is bringing its new salad bar concept to the City.
Andreas added: “All of the features are designed to suit the occupier needs while blending sympathetically into surrounding areas. The end result is a highly sustainable development that provides a striking background to The Monument.”
Savills and CBRE are the letting agents.
28/06/2016 10:48 by Buildington
Skanska has let the 7th floor of The Monument Building to Booking.com, the world leading online accommodation booking company, which is part of the Nasdaq-listed Priceline Group.
The company took the entire seventh floor, totalling 9,678sqft (899sqm), on a 10-year lease.
Alex Jordan, Skanska’s Leasing Director, said: “We are delighted to be able to announce the third office letting at The Monument Building to such a well-known company with a strong covenant. Booking.com will join TwentyFour Asset Management and UnderwriteMe who have taken the eighth and ninth floors respectively.”
Savills represented Skanska in the transaction. CBRE advised Booking.com.
16/06/2016 11:45 by Buildington
Skanska has completed the construction of The Monument Building two weeks ahead of schedule.
The Monument Building is Skanska’s first ‘Workplaces by Skanska’ development in London. Two of its 9 floors have been pre-let already, along with one of the two ground-floor retail units.
Managing Director, Development, Andreas Lindelöf, said: “The early completion of this development is testament to the hard work of the Skanska team.
“From conception our aim was to produce a development with an emphasis on creating the best working environment for tenants, in a location where businesses want to be. The end result is a highly sustainable building that provides a beautiful back drop to the nearby Monument.”
Work started on site at The Monument Building in December 2013 and involved the demolition of three separate buildings in Monument Street, Fish Street Hill and Pudding Lane.
Savills is advising Skanska on The Monument Building.
19/05/2016 10:11 by Buildington
Skanska has pre-let one of the two ground-floor retail units of The Monument Building to salad bar Olive & Squash.
Olive & Squash has taken the Fish Street Hill retail unit, totalling 650sqft (60sqm), on a 10-year lease.
Alex Jordan, Skanska’s Leasing Director, said: “Olive & Squash is an exciting new retail offer and a great fit for The Monument Building.”
Olive & Squash joins TwentyFour Asset Management and UnderwriteMe who have taken a lease on the eight and the ninth floors respectively.
Savills represented Skanska in the transaction. CWM advised Olive & Squash.
17/05/2016 17:02 by Buildington
The construction at Skanska’s The Monument Building has reached the final stages with the fitting of one its most striking architectural features.
The main façade of aluminium fins provide a distinctive ‘curtain’ of rhythmic, repeating twists hanging down from the ninth to the second floor, delivering a stunning, yet simple and restrained feature to the building which is located next to the historic Monument to the Great Fire of London. They have been specially designed and placed to maximise the amount of natural light into the building, while at the same time providing shade and reducing heat gain.
Ken Shuttleworth of Make, the award winning architect of The Monument Building, comments: “With Skanska, we have designed a building that not only meets its sustainable criteria, but also offers striking features while being respectful of this historic location.
“As well as the bespoke fins, the exterior of the remainder of the building, with a mix of alternating Jura stone and glazed panels, has also been carefully considered to respect its surroundings.”
Andreas Lindelöf, Managing Director, Development, says: “With an emphasis on place-making, sustainability, tenant profitability and creating the right working environment, The Monument Building has been developed as a place where City companies want to be. The wow factor that we wanted to create is now being slowly revealed as we countdown to completion.”
The Monument Building, comprising 94,000sqft (8,733sqm) of grade A office space and two ground floor retail units, is Skanska’s first ‘Workplaces by Skanska’ development in London. The scheme, which is due to complete in May 2016, boasts four feature terraces with spectacular views to both the north and south, a large reception area, state-of-the-art cycle storage and first-class shower facilities.
The Monument Building is designed to achieve a BREEAM ‘Excellent’ rating, with additional features including LED lighting, a green roof, photovoltaic panels and an intelligent lighting control system.
Savills is letting agent for the office space and Nash Bond for the retail accommodation.
08/03/2016 13:13 by Buildington
Skanska has ‘topped out’ at The Monument Building.
In a roof-top ceremony held yesterday (7th September 2015), the Skanska team was joined by The Lord Mayor of the City of London, Alderman Alan Yarrow, to toast this development milestone.
The new structure, once complete, will replace what was 11-15 Monument Street, 46 Fish Street Hill and 1-2 Pudding Hill with around 88,000sqft (8,175m2) of Grade A office space over nine floors, with floor plates offering approximately 10,000sqft (929m2). The scheme also boasts four feature terraces with spectacular views to both the north and south, plus 4,000sqft (371m2) of ground-floor retail accommodation, a large reception area, state-of-the-art cycle storage and first-class shower facilities.
Andreas Lindelöf, Skanska’s Managing Director of Development – UK, said: “When we invested in this site, there wasn’t much positive talk about the London development market. Today, our belief in the London market has paid off, with demand for office space in the city at its highest levels for years.
“The story of this development is one of partnership. Together with The Fishmongers’ Company – one of the 12 great livery companies of the City of London – and MAKE architects, we are realising our vision, and creating a top-class building, bringing future thinking to this historic location.”
Mike Putnam, Chief Executive and President of Skanska UK, commented: “The Monument Building is our first commercial development in London under our Workplaces by Skanska banner. As funder, developer and contractor, we are delighted to celebrate this important development milestone.
“With an emphasis on place-making, sustainability, tenant profitability and creating the right working environment, The Monument Building is designed to be sympathetic to its historic surroundings and a modern development where City companies want to be.”
The Monument Building is designed to achieve a BREEAM ‘Excellent’ rating. Features include LED lighting, a green roof and photovoltaic panels.
Skanska purchased the site in 2012. The scheme, designed by architect Ken Shuttleworth’s MAKE, showcasing a statement façade made from iodised aluminium fins that will blanket the southern side of the building, was granted planning consent in April 2013. Completion is scheduled for May 2016.
Savills is letting agent for the office space and Nash Bond for the retail accommodation.
08/09/2015 18:50 by Buildington
The 45-metre main core for The Monument Building is now standing proudly next to its historic namesake in the City of London, ahead of schedule, reports Skanska.
A monumental team effort enabled an average of three metres to be added daily to create the 45m structure, with completion of the essential task in just 15 working days.
The project, being delivered under the Workplaces by Skanska banner, saw an average of 40 people working together to create the structure each day and it is the first exciting sign of construction progress.
On completion in spring 2016, views from the building will include the River Thames, The Monument and Tower Bridge to the south, while views to the north are of the City cluster, including 20 Fenchurch Street, The Leadenhall Building, 30 St Mary’s Axe and the Lloyds of London building.
James Willats, Skanska development manager, said: “It’s great that The Monument Building is taking shape so quickly. On completion next year it will be a welcome addition to the City landscape, offering Grade A office accommodation and exciting retail opportunities.”
17/02/2015 11:06 by Buildington
The final stages of demolition and preparation of The Monument Building development site are currently underway, before construction of the MAKE-designed building commences, reports Skanska.
The building will provide 90,000 sq ft of Grade A office accommodation over 9 floors, with stunning roof terraces and iconic feature façade.
Centrally located opposite Monument tube station and within a short walk of both the heart of the City and vibrant South Bank, the building will enhance this historic location, which is most widely recognised as the origin of the Great Fire of London.
Alex Jordan, Leasing Director, said: “The Monument Building will showcase Skanska’s development capabilities in one of the world’s great cities.
“The building will demonstrate our ability to develop market-leading offices that meet the demanding needs of the modern occupier, while embracing sustainable construction and design.”
The Monument Building will complete in spring 2016.
Source: Skanska 8.10.2014
13/10/2014 16:07 by Buildington
Skanska has formally launched The Monument Building, its 90,000sqft (8,360sqm) office-led development in the City of London, at a launch event attended by 30 of the top City agents.
The event was held at the prestigious Fishmongers Hall at One London Bridge, home to one of London’s most historic livery companies, which holds the freehold for part of The Monument Building development site
Under the Workplaces by Skanska banner, work started on site in December 2013. The project will see the existing buildings at 11-19 Monument Street, 46 Fish Street Hill and 1-2 Pudding Hill replaced with an office scheme over nine floors, with floor plates offering approximately 10,500sqft (1,000sqm), plus ground-floor retail accommodation.
Skanska’s Neal Pickering said: “The long story of the City of London is one of change, transformation and, conversely, tradition. Nowhere is this better understood than at the Fishmongers Hall, which is steeped in its history and heritage.
“The development of The Monument Building, adjacent to Pudding Lane and The Monument itself, is the part of the ever-changing face of The Square Mile."
Stuart Lawson of Savills, appointed to let the office element of the scheme, commented: “The Monument Building not only provides a very striking design, but the building and floorplates have also been carefully designed to enhance the working environment of occupiers within the building.”
Skanska purchased the site in 2012. The scheme, designed by architect Ken Shuttleworth’s Make, was granted planning consent in April 2013. Completion is scheduled for the fourth quarter in 2015.
The Monument Building is designed to achieve a BREEAM Excellent rating. Features include LED lighting, showers, cycle parking and a roof terrace with photovoltaic panels. Skanska is now marketing the development to occupiers looking for office space of 10,000sqft (929sqm) or more.
Savills is acting as letting agent for the office space and Nash Bond for the retail accommodation. GVA advised on planning and Arup has been appointed as engineer.
10/03/2014 12:28 by Buildington
Skanska Project Development Limited (SPDL) has been granted planning permission for the development of an 88,000 sq ft (8,175 sq m) office-led scheme at 11-19 Monument Street, London EC3.
The Workplaces by Skanska project was approved by the City of London planning committee at its meeting today (16 April 2013).
The project will see the existing buildings at 11-15 Monument Street, 46 Fish Street Hill and 1-2 Pudding Hill replaced with around 85,000 sq ft (7,896 sq m) of offices on nine floors with floorplates of around 10,000 sq ft (929 sq m) and 3,000 sq ft (278 sq m) of ground floor retail accommodation.
Work is expected to start on site later in the year with completion scheduled for 2015.
Skanska Project Development's Neal Pickering said: "The site was acquired last year with the intention of delivering 85,000 sq ft of Grade A offices, designed by Ken Shuttleworth's Make Architects, by the end of 2015, with around 40,000 sq ft of the office space being occupied by Skanska UK and the remainder of the space being let to occupiers looking for offices upwards of 10,000 sq ft in a prime city location.
"We believe that 11-19 Monument Street will set new occupational standards in terms of design and sustainability."
Gary Rawlings, Partner at Make Architects said: "We are delighted 11-19 Monument Square has been granted planning consent. The scheme for SPDL will create a high quality, contemporary, energy efficient building which celebrates its contextual setting adjacent to Wren and Hooke's Monument to the Great Fire of London."
Savills has been appointed as agent for the offices and Nash Bond on the retail accommodation. GVA advised on planning and Arup has been appointed as engineer.
Source: Skanska 16.04.2013
17/04/2013 09:42 by Buildington