Balfour Beatty Joint Venture Secures Three Contracts in Hong Kong
04 June 2021 - 6:20PM
Dow Jones News
By Joe Hoppe
Balfour Beatty PLC said Friday that its joint venture Gammon
Construction Ltd. has been awarded three significant commercial and
development contracts in Hong Kong for undisclosed amounts.
The FTSE 250 infrastructure group said Gammon will develop a
Grade-A office tower and associated infrastructure on Hong Kong
Island for Swire Properties, scheduled for completion in 2023.
The second contract will see it develop four new residential
towers in Kowloon for The Wharf (Holdings) Ltd. and Wheelock
Properties (Hong Kong) Ltd, set to complete in 2023.
It will also develop three further residential towers in Tseung
Kwan O New Town for a consortium of Sino Land Company Ltd., K. Wah
International Holdings Ltd. and China Merchants Land Ltd., with
completion set for 2024.
"We are delighted to bring our expertise to these projects,
constructing them safely, efficiently and sustainably with minimal
waste," Gammon Construction Chief Executive Thomas Ho said.
Gammon Construction is jointly owned by Balfour Beatty and
Jardine Matheson Holdings Ltd.
Shares at 0741 GMT are down 0.4 pence, or 0.1%, at 308.8
pence.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
June 04, 2021 04:08 ET (08:08 GMT)
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