£150M contract for London residential tower awarded

WCN Editorial Team 3 Feb 2017 EUROPE BUILDINGS

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.

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