“Skanska is a leading contractor, with the experience and expertise to
undertake the work required on this Grade II* listed iconic building,” said
Mr Gullett.

The £600m redevelopment of the power station building, which
constitutes the main element of the second phase, will feature retail and
events space on the lower floors, 58,000m2 of offices above and 248 flats in
the upper eschalons of the building.

The building will also boast a circular glass lift that will emerge out of the
top of one of the rebuilt chimneys, giving views across London.

Despite its current role, acting as construction manager on the £100m
first element of the second phase, Mace has been overlooked for this next
stage.

With its headquarters in London, the firm has been involved in the repair and
restoration of the historic structure itself, including the chimneys.

The site handover from Mace to Skanska will complete by the end of November.

Work has already begun on dismantling the first of the 100m-tall chimneys,
which together with the other three will be rebuilt using the same concrete
and reinforced steel materials, but to modern specifications, by 2016.

Skanska is already working on phase one of the project, after the firm was
awarded a £90m contract to fit out 866 homes on the £400m first
phase, which is being built by Carillion.