5th Feb 2014 08:22
LONDON (Alliance News) - Construction services company ISG PLC Wednesday said it has been awarded an office fit-out contract worth GBP125 million to deliver the new UK headquarters for Swiss bank UBS AG at 5 Broadgate in the City of London.
The office building by Liverpool Street Station is currently under construction, and ISG is scheduled to commence work on site at the start of 2015, following a twelve-month pre-construction period.
As part of the deal, ISG will deliver around 700,00 square feet of high-specification commercial office accommodation for UBS, it said.
The building will house up to three trading floors, enabling UBS to consolidate its London trading operations within one building, an auditorium, large executive area and a range of open plan and cellular office space.
ISG shares were up 4.1% at 320.04 pence in early trade Wednesday.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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