Skanska has been awarded the £141 million (€161.50 million) contract to build K1 Knightsbridge, a mixed-use scheme in London, UK, for The Olayan Group.
The 31,600m2 project will combine commercial, residential and retail space in the Royal Borough of Kensington & Chelsea.
Designed by Fletcher Priest Architects, the scheme will see the redevelopment of a large site bordered by Brompton Road and Sloane Street in the heart of London’s fashionable Knightsbridge area. Skanska was employed on the second phase of the project under a PCSA (pre-construction services agreement) in November 2016.
The 142-week programme will create modern, high-end retail and office space, 35 residential units and a new rooftop restaurant. The plans call for the retention the site’s historic facades – described as intrinsic to the scheme – modernising the building while maintaining the neighbourhood’s architectural character.
Another major aspect of the project will create step-free access to Knightsbridge underground station via a new entrance from Hooper’s Court. The station entrance currently at the corner of Sloane Street and Brompton Road will be relocated further west along Brompton Road.
The Olayan Group’s developer for the project is Chelsfield.