Balfour Beatty has won a £150 million contract to build a new residential tower in London.
The contractor will develop the 53-storey 'The Madison Tower' featuring 423 apartments, a residents' lounge and business facilities at Canary Wharf.
Balfour Beatty signed a £1m pre-construction services agreement with LBS Properties in 2016.
Piling works and basement excavation works are now underway. Main construction is expected to be complete in 2020.
Dean Banks, Managing Director of Balfour Beatty's UK Construction Services business, said: "Following a successful partnership with LBS Properties during the pre-construction phase, we're delighted to have been appointed to deliver full construction of this iconic structure. Our in-depth knowledge and expertise will ensure that we can efficiently and effectively, deliver this complex building and further support the on-going transformation of the local area."
Nick Crawford, Director at LBS Properties, added: "Balfour Beatty has impressed us since the initial pre-construction services contract was awarded and we now look forward to working together to see the project through to completion."
(LM/MH)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
07/11/2024
Vistry Group has announced plans to develop 243 homes on the site of the former Ibstock Roughdales brickworks in St Helens. This brownfield project is part of Vistry's partner-delivery strategy and will provide both affordable and market-rate homes. In collaboration with Onward Homes, 123 of the ...
07/11/2024
Manchester City Council has approved an additional £5.1 million to advance four new housing projects under the city's 'This City' initiative, aiming to deliver 600 new homes, with at least 20% designated as affordable housing. The projects will transform brownfield sites in north and east ...
06/11/2024
A new £1 billion low-carbon infrastructure project has been launched in Westminster. Plans for the project sees the creation of a large heat network that would take waste heat from innovative sources such as the London Underground, the Thames and the sewer network and use it to warm buildings in ...
06/11/2024
The restoration project for a historic Huddersfield hotel has received a further cash injection of £9.8 million from Kirklees Council. The vacant George Hotel was purchased by the council four years ago after lying dormant since 2013, with a number of improvements still required for it to be ...
06/11/2024
Planning permission for 215 new homes in Barnsley has been approved. Among the proposals for the Shaw Lane site in Carlton submitted by commercial property developer, Network Space Developments (NSD), was 10% of the 215 homes will be designated as affordable housing with an agreed contribution of ...
06/11/2024
Pupils in Essex are settling into their new net zero school following completion of works by Morgan Sindall Construction. The tier one contractor handed the keys of Limebrook Primary School over to Essex County Council back in August after delivering 13 classrooms, a practical room, a studio and ...
06/11/2024
Property developer Cordia UK has received planning permission for its Bradford Works development in Birmingham. The project will entail for the city a first-of-its-kind shared living scheme, reimagining the house in multiple occupation (HMO) concept, offering 54 self-contained en-suite studio ...
06/11/2024
A former cotton mill in Huddersfield is currently undergoing work to transform into luxury residential apartments, as part of a £5.4 million development project. Bespoke housebuilder Virtu Homes has been given the go-ahead to refurbish the Grade II listed 24,000sqft facility based on Stoney Lane ...
06/11/2024
Persimmon Homes are preparing to deliver 68 new houses on their recently secured land in Wiltshire. The housebuilder's Wessex region will transform the Hilperton-based site, on the north-eastern edge of Trowbridge, into 'Highfield Gardens'. It will include a mix of homes, which will all feature ...
06/11/2024
Plans have been submitted for 301 student beds to be delivered in Birmingham's China Quarter. Sama Investment Group have sought to transform a vacant brownfield site on Pershore Street into suitable accommodation across a stepped building of 4 storeys, 10 storeys and 15 storeys. A social lounge, ...