Balfour Beatty has secured a £150M contract from LBS Properties to deliver the main construction works of the Madison Tower in London’s Canary Wharf.
The latest contract follows a £1M pre-construction services agreement signed by the company for the project last year.
Under the contract, the company will be responsible for the deliver of a 53-storey building featuring 423 residential apartments, a residents’ lounge and business facilities.
Dean Banks, managing director of Balfour Beatty UK Construction Services business, said: “Following a successful partnership with LBS Properties during the pre-construction phase, we’re delighted to have been appointed to deliver full construction of this iconic structure.
“Our in-depth knowledge and expertise will ensure that we can efficiently and effectively, deliver this complex building and further support the on-going transformation of the local area.”
Piling works and basement excavation have already commenced. The main construction work is expected to be concluded in 2020.
* Data provided by Timetric's Construction Intelligence Center.