Balfour Beatty military housing portfolio increases by over 5,600 units in less than 10 days
18 November 2011
Balfour Beatty is set to build, renovate and manage another 858 homes for United States military personnel and their families in a second housing deal with the US Air Force announced today.
Under the terms of the agreement Balfour Beatty Communities - a division of Balfour Beatty Capital Group - has been selected as preferred bidder for 858 housing units at two bases located in Texas and Georgia and will enter into exclusive negotiations for the accommodations with the Air Force.
This follows hard on the heels of a similar announcement nine days ago in which Balfour Beatty and its partners were chosen to enter exclusive negotiations for 4,761 military homes at sites in North Dakota, South Dakota, Idaho and New Mexico.
Chris Williams, President of Balfour Beatty Communities, said the company was “very pleased” to have been chosen for the project. “Throughout our organisation we look forward to serving these brave military members and their families,” he added. New building work, performed by Balfour Beatty Construction, will take three and a half years and ongoing management of the units involves a 50-year agreement.
Balfour Beatty has now broadened its geographic footprint throughout the U.S. to 55 military installations across 25 states together with Washington, D.C. Today’s £46 million announcement and the £297 million deal announced last week, brings the total value of the contracts to £343 million.
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Notes to Editors:
Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group with capabilities in professional services, construction services, support services and infrastructure investments.
We work in partnership with our customers principally in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East, who value the highest levels of quality, safety and technical expertise.
Key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail).
The Group delivers services essential to the development, creation and care of these infrastructure assets including project design, financing and management, engineering and construction, and facilities management services.
Balfour Beatty employs 50,000 people around the world.