Breaking News – Balfour Beatty Wins £100 Million Commercial Property Schemes

Posted on 16 January, 2012 by Kirsten Kennedy

Balfour Beatty has today announced that it has been awarded £100 million worth of construction contracts in the commercial sector. These contracts are split between two cities, London and Glasgow, and the three separate projects that make up the contract are due for completion in 2013.

In Glasgow, the international infrastructure group has been awarded an £18 million contract for 185-221 Buchanan Street in the city centre. This contract is for Land Securities, and will provide a five-storey residential and retail scheme.

Meanwhile, in London, a two phase contract will see Balfour Beatty construct AXA Real Estate’s Sixty London prime office development, a scheme worth £57 million. The company has also won a £25 million contract to develop an 11-storey office building for Viridis Real Estate Service, on behalf of their client Emmatown Properties Ltd. This will be positioned in the heart of London’s financial district.

The company has decided that, for both of the London developments, a high percentage of the building services engineering will be delivered using Building Information Modelling and off-site prefabrication solutions. They hope that this will reduce waste and increase efficiencies, decreasing the risk of these high profile schemes running over their 2013 deadline.

Commenting on the awards, Chief Executive of Balfour Beatty, 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.”

Balfour Beatty was founded in 1909 by George Balfour and Andrew Beatty, and today employs over 50,000 people worldwide.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions

Covid-19 Causes Millions To Claim UK Furlough Scheme

America, Amazon Wants You!

UK Firms Battle To Survive

COVID-19 Grounds EasyJet Fleet

ECB Emergency Fight Back Aganist Covid-19

Aldi’s Expansion Plan

British Steel on the verge of collapse with over 20,000 jobs at risk

Paris watches as flames engulf one of France’s most famous landmarks

Debenhams on the brink of administration as board reject Ashley’s bid

Emmanuel Macron pushes for a new Europe with European Parliament elections on the horizon

Brexit impacts property market

Brexit uncertainty impacts the property market