Balfour Beatty has announced that it has been awarded design and build contracts worth over €150 million (£111 mln) by Grosvenor for the Paradise Project in Liverpool. This multi-use development, adjacent to Paradise Street in the heart of the city center, will form a significant proportion of Grosvenor's 42-acre Liverpool redevelopment programme, which will be completed during the city's European Capital of Culture Year in 2008.
The work will involve five Balfour Beatty companies, namely Balfour Beatty Construction, Mansell, Balfour Kilpatrick, Balfour Beatty Civil Engineering and Stent Foundations.
Commenting today, Balfour Beatty Chief Executive, Ian Tyler, said: "This award demonstrates the all-round strength of the Group and the increasing appeal of integrated solutions to deliver the infrastructure which our major customers need."
Balfour Beatty Construction will act as the main contractor for the eastern part of the Paradise Project. This part of the project consists of some 15 buildings including over 50 new retail units, 160 apartments and three commercial buildings, together with 550 car parking spaces and the comprehensive refurbishment of other buildings, including Liverpool's oldest Grade 2 listed warehouse, for retail use.
Source: Balfour Beatty