Balfour Beatty, the international infrastructure group, has been awarded a £150 million contract by LBS Properties to deliver the main construction works of The Madison Tower in Canary Wharf, London.
Following its initial £1 million pre-construction services agreement in 2016, the main construction contract will see Balfour Beatty deliver this 53-storey landmark tower to include 423 residential apartments, residents’ lounge and business facilities.
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, said: “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.”
With piling works and basement excavation underway, main construction work is scheduled for completion in 2020.
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Notes to editors:
• Balfour Beatty (www.balfourbeatty.com) is a leading international infrastructure group. With 34,000 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.