REG - Balfour Beatty PLC - Balfour Beatty disposes of Foundry Courtyard

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RNS Number : 1794M  Balfour Beatty PLC  19 December 2025

News Release

 

19 December 2025

 

Balfour Beatty completes disposal of Foundry Courtyard student accommodation

Balfour Beatty, the international infrastructure group, today announces the
sale of Foundry Courtyard, a 536-bed student accommodation building in
Glasgow. The Group has sold its 100% stake in Foundry Courtyard to an
undisclosed buyer.

After allowing for debt repayment and normal adjusting items, net disposal
proceeds to Balfour Beatty are £26 million, with the sale generating a profit
on disposal of £24
million.

The proceeds are in line with the Balfour Beatty Directors' valuation as of 27
June 2025, consistent with the Group's strategy of optimising value through
the disposal of operational assets, whilst continuing to invest in new asset
opportunities.

Gains on investment disposals for the full year continue to be expected in the
range of £30 - £40 million.

ENDS

Analyst/investor enquiries:
Jim Ryan

Tel. +44 (0)785 836 8527

jim.ryan@balfourbeatty.com

Media enquiries:
Vivienne Dunn

Tel. +44 (0)203 810 2345

vivienne.dunn@balfourbeatty.com

Notes to editors:

·    Balfour Beatty (https://www.balfourbeatty.com/) is a leading
international infrastructure group with 27,000 employees driving the delivery
of powerful new solutions, shaping thinking, creating skylines and inspiring a
new generation of talent to be the change-makers of tomorrow.

·    We finance, develop, build, maintain and operate the increasingly
complex and critical infrastructure that supports national economies and
deliver projects at the heart of local communities.

·    For over 100 years, we have created iconic buildings and
infrastructure all over the world. Currently, we are working to deliver
Hinkley Point C, the first UK nuclear power station in a generation;
constructing the world-class arts and cultural facility, the Lyric Theatre, in
Hong Kong; and designing, building, financing, operating and maintaining the
Automated People Mover superstructure at the fifth busiest airport in the
world, Los Angeles International Airport.

 * Balfour Beatty Investments is an international infrastructure investor
operating in the UK and US. We provide the investment capability required to
deliver complex infrastructure projects. As one of the largest investors in
the Public Private Partnership industry, we have built a portfolio across a
range of markets including student accommodation, the private rental sector
housing and multi-family housing.

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