Skanska plans to leave its UK headquarters after selling its infrastructure business and changing work habits following the Covid illness.
The company has confirmed that it will be abandoning its base at Maple Cross House in Rickmansworth, Hertfordshire, and moving to a smaller building near Watford, eight miles away.
A spokesman for Skanska UK said the move was being planned regardless of the pandemic.
He said, “We plan to move our headquarters to a newly renovated building in Leavesden Park near Watford. After the sale of our infrastructure service business, our current building was already too big for our needs.
“In addition, with the knowledge about flexible working during the Covid-19 pandemic, we will need less space and a different type of room that is better suited for collaborative work.”
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Skanska agreed to sell its infrastructure services business to M Group Services in December last year for £ 50 million.
The contractor is the latest in a number of high profile construction companies, including Arcadis and architect Zaha Hadid, who have decided to move out of their long-term homes after the turmoil of the past 18 months.