Balfour Beatty appointed onto TfL’s Property Partnership Framework London
23 February 2016
Balfour Beatty, the international infrastructure group, today announces it has been selected by Transport for London (TfL) to be a member of TfL’s Property Partnership Framework which will allow the company to bid for work on some of the most iconic locations across the Capital.
Balfour Beatty has been selected alongside other leading property development companies and consortiums to the development framework which will help the delivery of thousands of homes, offices and retail spaces across 300 acres of TfL land.
Balfour Beatty is an experienced partner to the public sector and a leading investor and developer in complex and mixed-use development schemes. Its current Eastwick and Sweetwater housing development project for the London Legacy Development Corporation, also part of the GLA family, will deliver 1500 homes and supporting infrastructure including a new nursery, library and health centre and a range of shops, restaurants, offices, workshops and new public open spaces.
Laura Porter, Investment Director, Balfour Beatty Investments, said: “Following an extremely competitive procurement process, our appointment as a key partner to TfL demonstrates our credentials as a leading London developer. We look forward to working with TfL to bring forward the thousands of homes needed for London’s growing population and to supporting the Capital’s continued growth with the commercial space and jobs the developments will create.
“The London developer market remains strong and provides attractive opportunities for investment. The TfL property framework provides a fantastic opportunity to invest in the development of London in partnership with the public sector.”
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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.
Balfour Beatty Investments is a global infrastructure investor operating in the UK, US and Canada. We provide the investment capability to deliver complex infrastructure projects. Over the past 17 years, Balfour Beatty Investments has established itself as one of the largest investors in the PPP industry, building a portfolio of more than 70 projects worldwide, predominantly in the UK and North America.
In recent years, Balfour Beatty Investments has diversified into new markets including student accommodation, private rental sector housing (multi-family housing in the US) and generation and transmission of renewable energy. We have recently expanded our approach from a PPP contractor to a broader developer and investor.