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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Balfour Beatty Plc | LSE:BBY | London | Ordinary Share | GB0000961622 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.60 | 0.42% | 386.00 | 385.80 | 386.40 | 390.20 | 382.80 | 384.20 | 762,887 | 16:25:30 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 9.6B | 197M | 0.3628 | 10.64 | 2.1B |
The owners of The Grove at Shoal Creek and its development partner Trammell Crow Company have selected Balfour Beatty to build the first phase of The Grove’s mixed-use portion of the project. The 402,553-square-foot development situated on 4.14 acres will include a Class A commercial office building, a separate mixed-use Class A office building and a 538-car parking garage.
“The owners of The Grove and Trammell Crow Company are committed to developing projects that significantly enhance their communities and we’re honored to be their construction partner on this project,” said Ed Prendergast, business unit leader for Balfour Beatty in Austin. “We have a valued history of working together and greatly appreciate the trust the owners and Trammell Crow have placed in our team to deliver this unique project that will bring momentum to Austin’s next significant destination.”
The first phase of the The Grove’s mixed-use project, designed by Gensler, adds to Balfour Beatty’s portfolio of innovative, sustainable and modernized commercial office spaces. By targeting Austin Energy Green Building certifications for all 206,676 square feet of the commercial office and retail areas, the project will result in buildings that are energy, water and materials-efficient.
The new development is located within walking distance of a new 16-acre signature community park, in addition to pocket parks, dedicated bike lanes, ponds and water features. An outdoor event plaza will include pedestrian-friendly sidewalks and centuries-old heritage oak trees. The Grove’s approach to sustainable development is designed to enrich the community’s environmental, economic and human well-being.
Balfour Beatty will leverage the latest technologies and lean construction methods to deliver the project, including building information modeling (BIM) software, digital documents, drone technologies to document progress on site, and BIM360 Field for quality assurance. At its peak, the project will employ a team of 170.
The project kicks-off construction in November with this first phase of The Grove scheduled for completion in early 2020.
About Balfour Beatty
Balfour Beatty is an industry-leading provider of general contracting, at-risk construction management and design-build services for public and private sector clients across the United States. Performing heavy civil and vertical construction, the company is part of Balfour Beatty plc (LSE: BBY), a leading international infrastructure group that provides innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. Consistently ranked among the nation’s largest contractors, Balfour Beatty is the No. 6 Domestic Building Contractor in the United States as ranked by Engineering News-Record. To learn more, visit www.balfourbeattyus.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181101005692/en/
Balfour BeattyMatt Averitt, +1 214-451-1030maveritt@balfourbeattyus.com
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