Contract Win

RNS Number : 2938N

Balfour Beatty PLC

25 July 2014

 



25 July 2014

Balfour Beatty wins US$136 million contract to construct prestigious

high rise office building in Charlotte, North Carolina

Balfour Beatty announces today that it has been awarded a US $136 million (£80 million) contract to build a prestigious and environmentally responsible office complex in the heart of uptown Charlotte, North Carolina - the latest in a series of awards to develop the city's economic and commercial infrastructure.

The building, known as 300 South Tryon, is being developed by Cornerstone Real Estate Advisers LLC and consists of a distinctive 25-storey office building and a four level underground parking garage.

The office building is being planned to achieve Leadership in Energy and Environmental Design (LEED) Gold certification. LEED is the internationally-recognised green building certification system established by the U.S. Green Building Council, which promotes sustainable building and practices. Developing LEED solutions is a key strategic component of Balfour Beatty's US construction strategy in response to clients' demands for more environmentally-friendly buildings.

Balfour Beatty has won a number of significant contracts to develop Charlotte's infrastructure in support of its economic growth. Earlier in 2014, the City of Charlotte awarded Balfour Beatty a US $131 million rail contract to build track and systems components to extend the city's light rail system. This award followed a US $106 million civil engineering contract for the same light rail system. Balfour Beatty has also constructed a number of high profile buildings in the area including the global headquarters of specialist manufacturers SPX, the 32 storey 1 Bank of America Center, and the University of North Carolina at Charlotte Student Union building.

Steve Marshall, Executive Chairman, Balfour Beatty said: "The US construction market continues to show signs of recovery. This appointment also demonstrates our ability to develop innovative, environmentally responsible projects.  By bringing together our broad capabilities Balfour Beatty is now playing a significant role in developing Charlotte's skyline and the infrastructure which is so essential for the city's economic development. This positioning is reflected in other cities across the South which are all experiencing strong economic and population growth."

ENDS

Analyst/investor enquiries:

Anoop Kang

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Media enquiries:

Dominic Cheetham

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Notes to editors:

About Balfour Beatty

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 and the USA, with developing businesses in Australia, Canada, the Middle East, South Africa and South East Asia.

With proven expertise in delivering infrastructure critical to support communities and society today and in the future, our key market sectors focus on infrastructure - transportation (roads, rail and aviation), power and energy, water, and complex buildings (both commercial and social).

Balfour Beatty employs 40,000 people around the world.

 

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