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Balfour JV wins £370m Hong Kong resi scheme

A Balfour Beatty joint venture has bagged a HKD$4bn (£370m) contract to build three hi-rise residential towers in Hong Kong. 

Gammon Construction, the UK contractor’s JV with Jardine Matheson, secured the deal for the Lohas Park Package 9 development in Hong Kong’s Sai Kung District.

The scheme will comprise three residential towers ranging from 54 to 56 storeys sat on a five-level podium, delivering 1m sq ft of floorspace.

Work is expected to commence imminently and complete in 2021, with 1,500 workers set to be employed on site at the peak of construction. 

Gammon is delivering the project for listed Hong Kong property group Wheelock and Company.

It is fourth time Gammon has worked on projects for the firm in the Tseung Kwan O bay area of Hong Kong.

Balfour Beatty established Gammon in 2004 with Singapore-listed conglomerate Jardine Matheson. 

In January Gammon landed two infrastructure contracts in Hong Kong worth HKD$7.7bn (£705m) combined. 

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