Balfour Beatty, the international infrastructure group, has been selected by LBS Properties, a property development and investment management company, to deliver a pre-construction services contract for The Madison, a £150million London Docklands residential tower adjacent to Canary Wharf.
Balfour Beatty will work closely with LBS Properties, on areas including procurement and the delivery strategy in anticipation of the full construction contract award expected this summer.
The Madison will comprise a 53-storey tower containing commercial space, extensive landscaped gardens at ground level and 423 residential apartments. It will benefit from a host of amenities, including a 16th floor residents’ lounge with stunning views of Canary Wharf, a private screening room, business facilities, a gym, spa and swimming pool.
Dean Banks, Managing Director of Balfour Beatty’s UK Construction Services business, said:
“The Madison will be one of the tallest structures under construction in the UK, standing at an impressive 187 metres.
“I am delighted the specialist skills and expertise Balfour Beatty offers in this growing market have been recognised by LBS Properties. We look forward to securing the full award in the summer and to delivering this iconic structure.”
Balfour Beatty will begin enabling works this February prior to full contract award with completion of the development scheduled for late 2019.
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NOTES TO EDITORS:
Balfour Beatty (www.balfourbeatty.com) is a leading international infrastructure group. With 36,000 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, Middle East and South East Asia. 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 world’s biggest shopping mall in Dubai, the National Museum of the Marine Corps in the US and the Channel Tunnel Rail Link.
LBS Properties is a property development and investment management company focused on the residential and commercial sectors of the Central London market.
LBS Properties’ broad expertise and strong funding relationships have allowed it to build a varied portfolio of development projects and investment assets, spanning the residential and commercial sectors in some of London’s most attractive locations.
LBS Properties’ development pipeline of current and upcoming projects is in excess of 1.5m square feet and includes some of the most ambitious and innovative developments in London, such as The Madison, a 53 storey tower in South Quay, adjacent to Canary Wharf and Eight Artillery Row in Victoria.
LBS Properties Website
The Madison Project Website
Eight Artillery Row Project Website