Re Contracts

RNS Number : 5799V

Balfour Beatty PLC

16 January 2012

 



BALFOUR BEATTY AWARDED COMMERICAL PROPERTY

SCHEMES TOTALLING £100 MILLION

Balfour Beatty, the international infrastructure group, announces today that it has been awarded construction contracts in the commercial sector totalling £100 million.

In Glasgow, Balfour Beatty has been awarded an £18 million contract for 185-221 Buchanan Street for Land Securities to provide a new five-storey residential and retail scheme in the city centre.

In the City of London, Balfour Beatty has been awarded a two phase contract, totalling £57 million, to construct AXA Real Estate's Sixty London prime office development. The company has also won a £25 million contract to deliver an 11-storey office building in the heart of London's financial centre for Viridis Real Estate Service Ltd on behalf of their client Emmatown Properties Ltd.

On both London schemes, a high percentage of the building services engineering will be delivered using Building Information Modelling (BIM) and off-site prefabrication solutions to reduce waste and increase efficiencies.

All three projects are due for completion in 2013.

Commenting on the awards, Balfour Beatty Chief Executive, Ian Tyler, said:

"We are delighted to see encouraging signs of renewed activity in the London commercial sector and to be able to demonstrate our diverse capabilities which enable us to take advantage of such growth opportunities. We have been able to harness technology to create innovative solutions for our customers and look forward to working with them in delivering these first class schemes."

ENDS

Analyst/investor enquiries:

Basak Kotler

Balfour Beatty plc

Tel [phone]

Media enquiries:

Marjorie Hooper

Balfour Beatty

Tel [phone]

Notes to Editors:

1.

Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group with capabilities in professional services, construction services, support services and infrastructure investments. We work in partnership with our customers principally in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East, who value the highest levels of quality, safety and technical expertise. Key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail). The Group delivers services essential to the development, creation and care of these infrastructure assets including project design, financing and management, engineering and construction, and facilities management services. Balfour Beatty employs 50,000 people around the world.

 

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