Skanska and GE have have announced a strategic partnership to target the commercial property market worth up to £10bn.
The first UK proposed pilot projects are scheduled to commence later this year. The focus of these redevelopments will be the improvement of their energy, carbon and water efficiency, with the aim of making them a showcase for the next generation of green refurbishment.
“The property market is changing,” Skanska UK president and chief executive officer Mike Putnam. “Tougher climate-change laws, new ways of working, and demands from investors and tenants are transforming the way we think about building performance and value.”
“Both Skanska and GE are leading the way in their development of green solutions and technologies for the built environment,” GE UK president and chief executive officer Mark Elborne.
“By combining forces we can offer a more attractive, practical and tangible proposition to future proof the UK’s existing building stock and deliver value to clients.”