Balfour Beatty, the international infrastructure group, has been awarded a contract in excess of £110 million to construct the 43-storey Providence Tower residential scheme for Landor - a wholly owned subsidiary of The Ballymore Group.
Upon completion, the structure will be the tallest building constructed by Balfour Beatty in the UK. Balfour Beatty will utilise sustainable construction methods including modularised mechanical and electrical services, constructed off site and delivered just in time, to reduce on site construction timescales and the number of vehicle movements to and from site.
Balfour Beatty Chief Executive, Andrew McNaughton, said: “Providence Tower is a great example of the big, complex building projects where Balfour Beatty excels. It allows us to bring together our experience and include sustainable and innovative solutions to create high quality living spaces for communities.”
The project will deliver 484 residential units located at New Providence Wharf, by the river Thames. 343 of the private units will be situated within a 43-storey tower with the remainder located in a 12-storey curved podium adjoining the tower together with affordable apartments.
A health club will be located on the Lower Ground Floor level and extensive external works will be provided to the whole development.
The main construction works are due to commence this summer and are programmed for completion in December 2015.
Balfour Beatty’s current portfolio of construction and civil engineering projects in London includes the Kings Cross T6 student accommodation tower for Urbanest, the legacy conversion scheme of the London Aquatics Centre for the London Legacy Development Corporation and the Sixty London commercial project for AXA Real Estate.
We are also redeveloping Blackfriars Station for Network Rail and the Liverpool Street and Whitechapel Station platform tunnels for Crossrail.
Analyst/investor enquiries:
Basak Kotler
Balfour Beatty plc
Tel. +44 (0) 20 7216 6924
Media enquiries:
Maitland
Tel. +44 (0) 20 7379 5151
Notes to editors:
Balfour Beatty (www.balfourbeatty.com) is an international infrastructure group that delivers world class services essential to the development, creation and care of infrastructure assets; from finance and development, through design and project management to construction and maintenance.
Our businesses draw on more than 100 years of experience to deliver the highest levels of quality, safety and technical expertise to our clients principally in the UK, the US, Southeast Asia and the Middle East. We continue to develop our business in key growth markets in South Africa, Australia, Canada, Brazil and India.
With proven expertise in delivering infrastructure critical to support communities and society today and in the future, our key market sectors include transportation (roads, rail and aviation), power and energy, mining, water and social infrastructure such as hospitals and schools.
Balfour Beatty employs 50,000 people around the world
