Skanska and Arup’s new green venture aims to generate turnover of £200m, Building reported. The contractor has formed partnerships to work with Arup and GE to provide a “one stop shop” service to landlords to retrofit property and make it more energy efficient.
At this week’s MIPIM property development extravaganza in Cannes, the deal was seen as evidence of an improving market in the London property sector, the magazine reported.
A survey of 51 senior executives working for commercial property developers, commissioned by Skanska, showed that 53% agreed that there is an increased interest from businesses in green retrofit and refurbishment. A third (33%) thought it would be the next big thing for the commercial property sector.
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