Re Contract

RNS Number : 6560K

Balfour Beatty PLC

23 April 2010

 



BALFOUR BEATTY AWARDED £65 MILLION

ESTATE REGENERATION PROJECT IN KENSINGTON

Balfour Beatty, the international infrastructure group, announces today that Mansell, the UK construction services business, has been awarded a £65 million design and build contract to redevelop Wornington Green Estate, London, for Kensington Housing Trust. 

Mansell will build 324 high-quality homes and provide improved facilities and open space as part of the overall Wornington Green regeneration scheme.  Fifty five percent of the homes will be for affordable allocation and forty five percent for open market sale.  Construction work will begin in Autumn 2010 with completion in 2014.

Commenting today, Balfour Beatty Chief Executive, Ian Tyler, said;

"We are delighted to have been awarded this project and look forward to working with the Kensington Housing Trust in partnership with local stakeholders to enhance the Wornington Green area for the community."

Kensington Housing Trust is part of the Catalyst Housing Group, with whom Mansell has worked for over seven years. 

The overall Wornington Green regeneration scheme, which is estimated to be worth over £250 million, will provide up to 1,000 homes and additional commercial space and will further integrate Wornington Green into the North Kensington neighbourhood.  Work on the further phases of the scheme will be awarded later in the year.

ENDS

Analyst/media enquiries:

Duncan Murray

Balfour Beatty plc

Tel [phone]

Notes to Editors:

1.	Mansell is a construction services business of Balfour Beatty plc with over 2,200 employees across the UK. Mansell has a long-term sustainable customer base in both the public and private sectors and operates in markets ranging from affordable housing, senior living, education, health, defence, airports, rail, commercial, to culture and heritage. Projects range from smaller refurbishment projects to multi-million pound developments and the company has a presence on a large number of framework contracts.
2.	Balfour Beatty's current portfolio of affordable housing work includes a £57 million contract for Sandwell Metropolitan Borough Council and Riverside Housing Association to build new homes and refurbish several hundred properties on estates in West Bromwich, a £17.7 million contract with First Base to construct a residential development in North London and a £10.1 million contract with Peabody for a mixed residential scheme at their historic Pimlico estate, London.  Balfour Beatty also has a presence on numerous local authority and housing association frameworks across the UK including a £35 million contract for Hammersmith & Fulham Homes to carry out internal improvements to homes within the Hounslow area, a £47 million contract for Barnet Homes and a £30 million contract for Homes for Islington for internal improvements, external repairs and environmental improvement works to housing stock.
3.	Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group operating in construction services, professional services, support services and infrastructure investments. We work in partnership with our customers principally in the UK, the US, South-East Asia and the Middle East, who value the highest levels of quality, safety and technical expertise. Our 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).  We deliver services essential to the development, creation and care of these infrastructure assets including investment, project design, financing and management, engineering and construction and facilities management services. Balfour Beatty employs more than 50,000 people around the world.

 

END

 

 

CNTEASLAALNEEFF