Balfour Beatty Far East joint venture awarded HKD $3bn (c.£295m) waterfront residential project in Hong Kong
17 August 2017
Balfour Beatty, the international infrastructure group, today announces that its 50:50 Far East joint venture, Gammon Construction, has been awarded a residential building contract in Hong Kong worth approximately HKD $3 billion (c. £295m).
The residential project will see the development of eight medium rise residential blocks and four houses with a two-level basement overlooking Tai Po’s Tolo Harbour in Northern Hong Kong, on behalf of Great Eagle Group.
As part of the works, Gammon Construction will utilise the latest technology including 3D scanning and Building Information Modelling (BIM) to generate and manage vital project data to enhance construction efficiencies.
Thomas Ho, Chief Executive of Gammon, said, “We are delighted to be chosen as the construction partner of Great Eagle Group for this project. The project team is committed to working together with our business partners to deliver the project to the highest quality with our technological expertise and innovative solutions.”
Works are scheduled for completion by the end of 2019 and at peak construction will employ 1,000 people.
Image: A computer generated image of the waterfront residential project
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Notes to editors:
• Balfour Beatty (www.balfourbeatty.com) is a leading international infrastructure group. With 30,000 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 and the 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.
• Gammon Construction (www.gammonconstruction.com), headquartered in Hong Kong, is a 50-50 joint venture between Balfour Beatty, the international infrastructure group and Jardine Matheson, the Asian-based conglomerate. The two companies have worked in partnership since 2004 to forge a reputation for delivering high quality projects for customers throughout China and Southeast Asia. The business is a major player in the Hong Kong and Singapore roads market. Gammon’s service extends over the full project life-cycle, from initial site survey and design through construction to commissioning and ongoing maintenance.
• Gammon’s current project portfolio includes the HK$1.6bn Lee Garden Three Project, in the heart of Causeway Bay, Hong Kong, a building with 20 floors of offices sitting above a five-level podium of retail and food outlets and a S$174m contract for the design and construction of the Mayflower Station on the Thomson Line for the Land Transport Authority.
• Iconic projects of the past include the HK$2.2bn Hong Kong-Shenzhen Western Corridor, a 3.5km, dual three-lane carriageway, suspended mostly above the waters of Deep Bay and the motorway approaches for downtown Hong Kong. Gammon has also delivered a 68-storey One Island East office building, a skyscraper on the eastern shore of Hong Kong Island. This HK$2.3bn project relied on digital project management systems to enable collaboration across all disciplines and reduce construction waste.