Balfour Beatty disposes of Foundry Courtyard

Summary by AI BETAClose X

Balfour Beatty has completed the disposal of Foundry Courtyard, a 536-bed student accommodation building in Glasgow, for £26 million in net disposal proceeds, generating a profit of £24 million. This sale aligns with the company's strategy to optimize value from operational assets and is consistent with the Directors' valuation. The group anticipates full-year gains on investment disposals to be in the range of £30 million to £40 million.

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