Balfour Beatty awarded £85 million student accommodation scheme in the City of London
15 October 2018
Balfour Beatty, the international infrastructure group, has been selected by Urbanest to deliver the Vine Street development; a new £85 million mixed-use student accommodation scheme in the City of London.
Occupying the entire site is a two level basement containing the exposed remains of the Roman city wall and bastion, which will house a gallery enabling the public and building users to view the monument, in addition to a café.
At peak, the project is expected to employ over 250 people including 10 apprenticeships and five graduates.
The scheme will deliver 654 student bed spaces across a 14 storey building that fronts onto Vine Street; a six storey student accommodation building adjacent to Crosswall; a 12 storey student accommodation building that fronts onto Crutched Friars; in addition to a 12 storey office building situated to the north of the scheme on India Street.
The ground floor of the Vine Street building will accommodate the student and office reception, utilities, loading bay, substation, and incubator space for entrepreneurial start-ups.
Dean Banks, Chief Executive Officer of Balfour Beatty’s UK Construction Services business, said: “Balfour Beatty has a longstanding relationship with Urbanest having together delivered high quality student accommodation across London throughout the last decade.
“Our selection for the Vine Street development is testament to Balfour Beatty’s ability to operate in a confined city centre location to transform an historic site into one of the most exciting mixed-use student housing projects in London.”
Following a pre-construction services agreement, which commenced in October 2017, full works are planned to start this year with completion expected in 2021.
Image: Artist impression of the Vine Street development
Andrew Teacher, MD, Blackstock Consulting
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Notes to editors:
- Balfour Beatty (balfourbeatty.com) is a leading international infrastructure group. With 28,000 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 & Ireland, US and Far East. 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 National Museum of the Marine Corps in the US and the Channel Tunnel Rail Link.
- Balfour Beatty’s UK and Ireland regional construction business is a leading integrator of complex, sophisticated and innovative projects that improve the UK’s and Ireland’s national infrastructure and an experienced provider of local and regional projects that help build lasting communities.
- Significant projects in Balfour Beatty’s current portfolio in London include: the 60 Curzon Street residential scheme in the heart of London’s exclusive Mayfair district to deliver 32 luxury apartments; the East Wick & Sweetwater development to secure the long-term urban regeneration benefits of the Olympics in partnership with the London Legacy Development Corporation, Balfour Beatty in joint venture with Places for People are creating two neighbourhoods that will provide 1,500 homes; in Canary Wharf, The Madison, a £150 million residential tower, one of the tallest buildings under construction in the UK and; for the University of Sussex a student accommodation project worth £180 million providing 2,117 bedrooms across 28 buildings.
- Over the years Balfour Beatty has delivered a range of key projects to keep London moving and its economy thriving. Recently completed projects include: in Vauxhall, the delivery of a £42m student housing project for Urbanest, a 33-storey building that will provide a range of modern facilities, including personal and communal study areas; the new £30 million Bobby Moore Academy Secondary School situated on the Queen Elizabeth Olympic Park in London providing facilities for 1,120 students; the £35 million Royal National Orthopedic Hospital (RNOH) in North London on behalf of the RNOH NHS Trust delivering a state-of-the-art five storey inpatient ward facility, accommodating up to 123 beds.