Balfour Beatty JV wins HKD $800m deluxe residential development project in Hong Kong
Balfour Beatty, the international infrastructure group, today announces that its 50:50 Far East joint venture, Gammon Construction has been awarded a construction contract for a deluxe housing development at Plantation Road, Hong Kong. The total value of the contract is approximately HK$800 million (c.£79m).
Developed by Wheelock Properties, the project includes the construction of twenty villas and targets to meet the stringent Hong Kong Building Environmental Assessment Method (HKBEAM) Gold standard upon completion. The HKBEAM Gold standard ensures that a range of environmental issues have been addressed in a holistic manner.
Thomas Ho, Chief Executive of Gammon, said, “We are delighted to work with Wheelock Properties, our long-term partner, again for this deluxe residential project. The project team is committed to delivering the project to the highest quality and in a sustainable manner, while maintaining excellent standards of safety.”
The project commenced on site this month and is scheduled for completion in 2020. At construction peak the project will employ a workforce of 450.