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August 17, 2017

Balfour Beatty’s JV secures £295m residential project contract in Hong Kong

Marriott International has acquired the former Seville Beach Hotel site in Miami, Florida, US, for $57.5m from ownership group Beach Ventures. The venture is a partnership between affiliates of Fortune International and Lionstone Group. A Marriott affiliate bought the 4.5 ac

Balfour Beatty’s 50:50 Far East joint venture (JV) Gammon Construction has secured a HKD$3bn (£295m) contract for the construction of a waterfront residential project in Hong Kong.

Being constructed on behalf of Great Eagle Group, the project includes eight medium rise residential blocks and four houses that will feature a two-level basement facing Tai Po’s Tolo Harbour located in Northern Hong Kong.

As part of the project, the JV intends to improve construction efficiencies by generating and managing important data using technologies such as three-dimensional (3D) scanning and Building Information Modelling (BIM).

Gammon Construction chief executive Thomas Ho said: “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.”

"The project is estimated to provide employment to 1,000 people at its peak construction phase."

Expected to be completed by the end of 2019, the project is estimated to provide employment to 1,000 people at its peak construction phase.

Gammon Construction is a JV between Balfour Beatty and Asian conglomerate Jardine Matheson.

In addition to the latest contract, Gammon is currently responsible for 20-floor Lee Garden Three commercial project in Hong Kong and the Mayflower Station in Singapore.

The company has also delivered a 68-storey One Island East office building and a skyscraper on the eastern shore of Hong Kong Island.

Image: A computer-generated image of the waterfront residential project. Photo: courtesy of Balfour Beatty.

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