Balfour JV wins £150m resi development

Balfour Beatty’s south-east Asian subsidiary Gammon has clinched a job to build a residential development in Hong Kong worth £150m.

Contracted on behalf of consortium Top Oasis, the firm will construct a 33-storey residential tower – providing 792 flats above the city’s existing MTR metro line.

Gammon will adopt Design for Manufacture and Assembly methods during construction, fabricating individual structural steel components offsite. It says this will help to ensure the project’s “safe and efficient delivery”.

Demolition waste from the build will be recycled on-site to “reduce waste”, while the JV will use an electric-powered battery storage system – Enertainer – as its primary power source for construction machinery. This would reduce the need for diesel generators on site and cut carbon emissions, Gammon said.

The project, which is already underway, is scheduled for completion in 2025 and will employ 500 people at the peak of construction.

Gammon chief executive Kevin O’Brien celebrated the deal, which was struck with the Sino Land and CSI Properties consortium.

“We look forward to sharing our expertise and experience to implement customer-focused solutions that will allow the works to continue to the highest standards of safety, while also bringing our modern and sustainable method of construction.”

In June, Gammon bagged two schemes to build a 25-storey college tower and five residential towers in Hong Kong worth a combined £635m.

Latest results published by Balfour Beatty in August show the south-east Asian subsidiary made revenue of £411m for the half year ended 1 July 2022, up from £377m for the same comparable period.

Gammon is currently engaged on a number of projects in Hong Kong, including work to expand Terminal 2 at the city’s airport.

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