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Tue November 12 2024

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Skanska sells Monument Building for £118m

2 Jan 18 Skanska has sold the Monument Building in the City of London to Credit Suisse’s Real Estate Fund International (REFI) for £118m.

The Monument Building, at the north end of London Bridge
The Monument Building, at the north end of London Bridge

The 10-storey building, designed by Ken Shuttleworth鈥檚 Make Architects, comes with various tenants in place, including Aldermore Bank, Booking.com, M7 Real Estate and Portuguese bank Caixa Geral de Dep贸sitos.

Skanska managing director Helen Martin said that the Monument Building had been 'a real success' for the Swedish contractor鈥檚 development arm.

Skanska鈥檚 UK development business was established in 2012. It identifies opportunities in commercial development, focusing primarily on office buildings in London and Bristol. The sale of The Monument Building follows the completion and sale of 66 Queen鈥檚 Square in Bristol in 2015.

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