Industry & Business

Balfour wins £130m luxury flat project beside the Palace

Balfour wins £130m luxury flat project beside the Palace

Balfour wins £130m luxury flat project beside the Palace
November 30
15:58 2015

Balfour Beatty, the international infrastructure group, has been selected by Palace Revive Development Ltd to deliver the pre-construction services contract for a £130 million renovation and new-build scheme on No. 1 Palace Street, in St James’ Park, London.

Balfour Beatty will collaborate with the London-based development company Northacre and Palace Revive Development Ltd to deliver pre-construction services including programming and procurement, in the lead up to the full construction contract award which is expected in early 2016.

The full scheme will involve refurbishment of the existing six-storey listed building, construction behind retained facades and a complex four-storey basement build.

Once complete, the development will house 72 apartments, many of which offer unique views over the gardens of Buckingham Palace. Residents will also enjoy more than 10,000 sq. ft. of leisure facilities, including a state-of-the-art gym, swimming pool and a wellness centre. The site will encompass five architectural styles, ranging from French Renaissance to Contemporary, with a Grade II listed retained façade.

Construction is due to start in early 2016 following full contract award and is scheduled for completion by the end of 2017.

Dean Banks, Balfour Beatty Managing Director of the UK Construction business, said: “I am very pleased that our technical solution to the construction of this complex build has been embraced by Palace Revive Development Ltd and Northacre. Our proven ability to succeed in constrained construction environments in busy city centres means we are well suited to this prestigious project and we look forward to securing the full contract award early next year.

“Balfour Beatty is committed to delivering first-class projects with selected partners that utilise our industry leading expertise and our work on this luxury residential build is a prime example of this.”

Balfour Beatty is a leading international infrastructure group. With 36,000 employees, we provide innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. We finance, develop, build and maintain complex infrastructure such as transportation, power and utility systems, social and commercial buildings.

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