Balfour Beatty awarded £85m City student accommodation scheme
Infrastructure group Balfour Beatty has been selected by Urbanest to deliver a new £85m mixed-used student accommodation scheme in the City of London.
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The scheme will deliver 654 student bed spaces across a 14-storey building that fronts onto Vine Street, a six story student accommodation building adjacent to Crosswall and a 12 storey student accommodation building that fronts onto Crutched Friars, alongside a 12 storey office building 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'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 began last October, full works are planned to start this year with completion expected in 2021.
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