LONDON (dpa-AFX) - Infrastructure group Balfour Beatty (BBY.L) Monday said it has been awarded a contract in excess of 110 million pounds 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. The company will utilize sustainable construction methods including modularized 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.
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.
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