Balfour Beatty secures £85m student housing project in London

WCN Editorial Team 15 Oct 2018 EUROPE BUILDINGS

UK-based construction firm Balfour Beatty has secured a contract from Urbanest to deliver the Vine Street development; a new £85m mixed-use student accommodation scheme in London, UK.

Occupying the entire site is a two-level basement featuring the exposed remains of the Roman city wall and bastion, which will include a gallery allowing the public and building users to view the monument, apart from a café.

The project will include the development of 654 student bed spaces across a 14-floor building that fronts onto Vine Street; a six-storey student housing building next to Crosswall; a 12-storey student housing building that fronts onto Crutched Friars; apart from a 12-storey office building located to the north of the scheme on India Street.

The Vine Street building’s ground floor will house the student and office reception, utilities, loading bay, substation, and incubator space for entrepreneurial start-ups.

During its peak period, the development is set to employ more than 250 people including 10 apprenticeships and five graduates.

Full works are planned to start this year, after a pre-construction services agreement, which commenced in October 2017. Construction on the project is expected to be completed in 2021.

Balfour Beatty CEO of UK Construction Services business Dean Banks said: “Balfour Beatty has a longstanding relationship with Urbanest having together delivered high-quality student accommodation across London throughout the last decade.

“Our selection for the Vine Street development is testament to Balfour Beatty’s ability to operate in a confined city centre location to transform an historic site into one of the most exciting mixed-use student housing projects in London.”

In London, Balfour Beatty’s current portfolio includes: the 60 Curzon Street residential scheme in London’s Mayfair district to deliver 32 luxury apartments; the East Wick & Sweetwater development to secure the long-term urban regeneration benefits of the Olympics in partnership with the London Legacy Development Corporation.

Balfour Beatty in a joint venture with Places for People are creating two neighbourhoods that will provide 1,500 homes; in Canary Wharf, The Madison, a £150m residential tower; for the University of Sussex a student accommodation project worth £180m providing 2,117 bedrooms across 28 buildings.

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Image: An artist impression of the Vine Street development. Photo: Courtesy of Balfour Beatty.

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