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Balfour BeattyAnnouncement

06/09/2014 20:35

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RNS Number : 2938N
Balfour Beatty PLC
25 July 2014 
 
25 July 2014 
 
Balfour Beatty wins US$136 million contract to construct prestigious 
 
high rise office building in Charlotte, North Carolina 
 
Balfour Beatty announces today that it has been awarded a US $136 million (£80
million) contract to build a prestigious and environmentally responsible
office complex in the heart of uptown Charlotte, North Carolina - the latest
in a series of awards to develop the city's economic and commercial
infrastructure. 
 
The building, known as 300 South Tryon, is being developed by Cornerstone Real
Estate Advisers LLC and consists of a distinctive 25-storey office building
and a four level underground parking garage. 
 
The office building is being planned to achieve Leadership in Energy and
Environmental Design (LEED) Gold certification. LEED is the
internationally-recognised green building certification system established by
the U.S. Green Building Council, which promotes sustainable building and
practices. Developing LEED solutions is a key strategic component of Balfour
Beatty's US construction strategy in response to clients' demands for more
environmentally-friendly buildings. 
 
Balfour Beatty has won a number of significant contracts to develop
Charlotte's infrastructure in support of its economic growth. Earlier in 2014,
the City of Charlotte awarded Balfour Beatty a US $131 million rail contract
to build track and systems components to extend the city's light rail system.
This award followed a US $106 million civil engineering contract for the same
light rail system. Balfour Beatty has also constructed a number of high
profile buildings in the area including the global headquarters of specialist
manufacturers SPX, the 32 storey 1 Bank of America Center, and the University
of North Carolina at Charlotte Student Union building. 
 
Steve Marshall, Executive Chairman, Balfour Beatty said: "The US construction
market continues to show signs of recovery. This appointment also demonstrates
our ability to develop innovative, environmentally responsible projects.  By
bringing together our broad capabilities Balfour Beatty is now playing a
significant role in developing Charlotte's skyline and the infrastructure
which is so essential for the city's economic development. This positioning is
reflected in other cities across the South which are all experiencing strong
economic and population growth." 
 
ENDS 
 
Analyst/investor enquiries: 
 
Anoop Kang 
 
Tel. +44 (0)20 7216 6913 
 
anoop.kang@balfourbeatty.com 
 
Media enquiries: 
 
Dominic Cheetham 
 
Tel. +44 (0)20 7963 4235 
 
dominic.cheetham@balfourbeatty.com 
 
Notes to editors: 
 
About Balfour Beatty 
 
Balfour Beatty (www.balfourbeatty.com) is an international infrastructure
group that delivers world class services essential to the development,
creation and care of infrastructure assets; from finance and development,
through design and project management to construction and maintenance. 
 
Our businesses draw on more than 100 years of experience to deliver the
highest levels of quality, safety and technical expertise to our clients
principally in the UK and the USA, with developing businesses in Australia,
Canada, the Middle East, South Africa and South East Asia. 
 
With proven expertise in delivering infrastructure critical to support
communities and society today and in the future, our key market sectors focus
on infrastructure - transportation (roads, rail and aviation), power and
energy, water, and complex buildings (both commercial and social). 
 
Balfour Beatty employs 40,000 people around the world. 
 
This information is provided by RNS
The company news service from the London Stock Exchange