Balfour Beatty has secured a £110m contract from Landor, a subsidiary of the Ballymore Group, to construct the 43-storey Providence Tower in London.
The residential scheme will be located at New Providence Wharf by the river Thames and will feature 484 residential units.
As per the plans, 343 units will be situated within the Providence Tower while the remaining units will be located in a 12-storey curved podium adjoining the tower together with affordable apartments.
Plans also include construction of a health club on the lower ground floor level and Balfour Beatty will also provide external works to the entire development.
Balfour Beatty said it will use sustainable construction methods including modularised mechanical and electrical services to reduce on site construction time and the number of vehicle movements to and from site.
Construction work is expected to start this summer and complete in December 2015.
Balfour Beatty chief executive Andrew McNaughton said the company will bring together its experience to apply sustainable and innovative solutions to create new living spaces for communities.
The company’s current portfolio of construction and civil engineering projects in London includes the Kings Cross T6 student accommodation tower for Urbanest, the legacy conversion scheme of the London Aquatics Centre for the London Legacy Development and the Sixty London commercial project for AXA Real Estate
Balfour Beatty is also redeveloping Blackfriars Station for Network Rail and the Liverpool Street and Whitechapel station platform tunnels for Crossrail.
Image: The 43-storey Providence Tower will feature 343 residential units. Photo: Courtesy of Balfour Beatty.