Balfour Beatty joint venture, Gammon Construction, has won a contract worth around £270m to build a new Hong Kong residential development.
The project in Tsuen Wan includes construction of seven residential towers, ranging from 12 to 40 stories, as well as retail and recreational facilities.
The total construction floor area is 112,000 sq m and on completion in 2018, will total around 900 residential apartments.
Gammon Construction, a joint venture between the contractor and Jardine Matheson, will build a public transport interchange and five footbridges. Chinachem Group developed the project, and the contract is with TW5 Cityside Property Development.
Balfour Beatty group CEO Leo Quinn said: “This project reflects the continuous growth in the residential market across Hong Kong. The government has projected that the private housing sector will, on average, produce over 14,500 flats each year in the next five years, representing an increase of about 30 per cent compared to the last five years.”