Member Article
Balfour Beatty appointed to £120 million University of Sussex project
International infrastructure group Balfour Beatty has been appointed preferred bidder for a £120 million student accommodation project at University of Sussex.
in partnership with the university, Balfour Beatty will design, build, finance and operate The University of Sussex’s East Slope Residences project under a 50 year contract
Subject to planning approval, the project will replace an existing 600 bed facility on the University’s campus with a new living space comprising 2,000 new bedrooms in a range of formats including townhouses and some with ensuite facilities.
It will also incorporate innovative student amenities such as social hubs and new student union facilities. Construction is anticipated to start in 2016, and would be delivered by Balfour Beatty’s UK construction services business.
Leo Quinn, Balfour Beatty Group chief executive, said: “Following the revaluation of the portfolio last week, this project demonstrates the continued value our Investments business brings to the whole Group. We look forward to supporting the University with their growth ambitions and delivering on their sustainability targets.”
This was posted in Bdaily's Members' News section by Ellen Forster .
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