KONE Corporation, press release, March 18, 2008
KONE received a major order from Sir Robert McAlpine to supply all
elevators and escalators for the Watermark Place project in the City
of London. The building complex consists of high-quality office and
retail space totaling 49,200 square meters (530,000 sq ft). Located
next to the River Thames and enlivened with cafes, bars and
restaurants, the Watermark Place will provide the largest public
riverside space in London.
"The Watermark Place project follows our previous successes in London
and once again proves the trust in KONE's expertise in People
Flow(TM) solutions," says Noud Veeger, KONE EVP, Area Director for
Central and North Europe. "The combination of imposing architecture,
quality of space and a revitalized waterfront location will make the
Watermark Place a key destination and a valuable reference for KONE."
The Watermark Place will be equipped with 20 elevators and 6
escalators. The installation of the equipment will start in June 2008
and is scheduled to be completed in April 2009. The developers of the
project are Watermark Place Oxford One Investment Limited, UBS Global
Asset Management and City Offices. The architect is Fletcher Priest
Architects.
Watermark Place follows KONE's recent successes in the London area
such as the 201 Bishopsgate building, the Broadgate Tower, the BP2
building, the One New Change retail complex, the Leadenhall Building
and the Walbrook project.
About KONE
KONE is one of the world's leading elevator and escalator companies.
It provides customers with industry-leading elevators, escalators and
innovative solutions for maintenance and modernization. KONE also
provides maintenance services for automatic building doors. In 2006,
KONE had annual net sales of EUR 4.1 billion and over 32,500
employees. KONE class B shares are listed on the OMX Nordic Exchange
Helsinki in Finland.
www.kone.com
For further information, please contact:
Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)204 75
4501
More information about the project can be found at
www.watermarkplace.co.uk.
