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Balfour JV wins £79m Hong Kong housing scheme

A Balfour Beatty joint venture has scooped a HK $800m (£79m) housing scheme in Hong Kong.

Developer Wheelock Properties appointed Gammon Construction, a joint venture between Balfour Beatty and Asian-based conglomerate and infrastructure group Jardine Matheson, to deliver the scheme.

The JV will build 20 villas, with work starting on site this month.

According to Balfour Beatty, 450 people will be working on the project at its peak, with the scheme due to complete in 2020.

The residential deal is the latest in a string of contract wins for Gammon Construction this year.

In August the JV was picked by Eagle Group to build eight resi towers overlooking Tai Po’s Tolo Harbour to the north of the city in a deal worth HK $3bn (£295m). Work is expected to complete in late 2019.

In June Gammon Construction was also selected to construct a HK $2bn (£200m) 693,000 sq ft water park in the city at Tai Shue Wan bay.

The new water park is the first year-round, all-weather park in Hong Kong and is being built on behalf of the Ocean Park Corporation.

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