Balfour Beatty PLC Balfour Beatty Awarded $260M US scheme in Miami (6123S)
October 04 2017 - 2:00AM
UK Regulatory
TIDMBBY
RNS Number : 6123S
Balfour Beatty PLC
04 October 2017
News Release
04 October 2017
Balfour Beatty Awarded $260 Million (c. GBP193m) US commercial
and residential scheme in Miami
Balfour Beatty, the international infrastructure group, has been
awarded a $260 million (c. GBP193 million) contract to build the
River Landing Shops and Residences project in Miami for real-estate
investment trust, H&R REIT and Urbanx Company in association
with real estate developer, Matthews Southwest, a long standing
client since 2009.
Located on 8.1 acres along the Miami River, the mixed-use
project will offer over 2 million square feet of retail and
residences in Miami's Civic Centre including two residential
buildings which will feature 475 rental apartments and, a
five-storey shopping centre.
Leo Quinn, Balfour Beatty Group Chief Executive, said: "This
transformational development in the heart of Miami builds on
Balfour Beatty's historical and growing relationship with Matthews
Southwest as we expand on our presence in the South Florida
market."
Construction is expected to commence in late 2017 and is
scheduled for completion in the fourth quarter of 2019. At its
peak, the project will employ a team of approximately 750.
- ENDS -
Analyst/investor enquiries:
Angus Barry
Tel. +44 (0)20 7216 6824
angus.barry@balfourbeatty.com
Media enquiries:
Louise McCulloch
Tel. +44 (0)20 7963 2150
louise.mcculloch@balfourbeatty.com
Notes to editors:
-- Balfour Beatty (www.balfourbeatty.com) is a leading international infrastructure group. With 30,000 employees, we
provide innovative and efficient infrastructure that underpins our daily lives, supports communities and enables
economic growth. We finance, develop, build and maintain complex infrastructure such as transportation, power and
utility systems, social and commercial buildings.
-- Our main geographies are the UK, US and Far East. Over the last 100 years we have created iconic buildings and
infrastructure all over the world including the London Olympics' Aquatic Centre, Hong Kong's first Zero Carbon
building, the National Museum of the Marine Corps in the US and the Channel Tunnel Rail Link.
-- Balfour Beatty's US business is an industry-leading provider of general contracting, at-risk construction
management and design-build services for public and private sector clients across the nation. Performing heavy
civil and vertical construction, the company is consistently ranked among the nation's largest building
contractors, and is the No. 6 Domestic Building Contractor as ranked by Engineering News-Record. To learn more,
visit www.balfourbeattyus.com
-- Balfour Beatty's current portfolio of projects in the US includes the US$625 million (c.GBPGBP484 million) joint
venture contract to reconstruct and improve the 'Southern Gateway', an 11 mile stretch of road in Dallas, Texas
which will enhance traffic flow for 180,000 motorists every day for the Texas Department of Transportation; the
US$697 (c.GBPGBP524 million) contract to undertake electrification of the 52-mile Caltrain rail corridor between
San Francisco and San Jose, laying the foundations for the future operation of high speed trains; the US$260
million (c.GBPGBP175) Harrison Medical Centre project in Seattle; and the US$100 million (c.GBPGBP80 million)
contract to serve as construction manager for Cleburne Independent School District's (CISD).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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