Balfour Beatty to start £250m Lewisham Gateway phase 2

Aaron Morby 3 years ago
Share

Morgan Sindall’s Muse regeneration operation has struck a £252m forward funding deal for the second phase of the Lewisham Gateway project in south London.

Main contractor Balfour Beatty will start work immediately
Main contractor Balfour Beatty will start work immediately

The deal with private rental residential specialist Get Living allows main contractor Balfour Beatty to get to work on four blocks, one rising to 30 storeys.

Once completed in 2023, the final phase of the Lewisham scheme will be operated by Get Living and provide 649 homes for rent.

There will also be 25,000 sq ft of retail space, 15,000 sq ft of restaurants and bars, a gym, and Lewisham’s first major multiplex cinema which has been pre-let.

Graham Hill, managing director of Balfour Beatty’s UK Construction Services business in London, said: “Our selection for the Lewisham Gateway Phase Two development is testament to Balfour Beatty’s ability to deliver key regeneration projects in London.”

The wider development is a joint project with the London Borough of Lewisham, the Mayor of London and Transport for London, supported by Homes England.

Lewisham Gateway has already delivered 362 new homes, alongside new shops and restaurants, a public park with children’s play space and access to the rivers, plus major infrastructure improvements which include the removal of the Lewisham Northern Roundabout and the implementation of a new highways system.

John Morgan, Chief Executive of Morgan Sindall Group, said: “This deal reinforces our regeneration strategy and is testament to our expertise in this area.

“We look forward to working in partnership with Get Living to deliver a transformational scheme to the local community.”

 

Latest news

Approved change to concrete ‘recipe’ to slash carbon emissions

New approved concrete mixes will be able to blend finely ground limestone and fly ash
11 hours ago

Network Rail unveils Cardiff South Central masterplan

Plans being drawn up for major housing-led mixed-use scheme
56 mins ago

National Grid £12.8bn HV civils framework hits market

Firms needed for major power line links and high voltage direct current converter stations
12 hours ago

McLaren Living to revamp Watford police station site

Developer to submit plans for a major mixed-use development
8 hours ago

P.P O’Connor blows down four iconic cooling towers – video

Fiddlers Ferry Power Station regeneration gets off with a bang
12 hours ago

Worker injured at £300m offshore wind factory site

Accident on major Teesside construction site
13 hours ago

8Build bags Cambridge office and labs scheme

Firm wins phase 2 of The Press biotech development
12 hours ago

Cash boost to accelerate Transpennine Route Upgrade work

Government commits £3.9bn for latest phase of rail upgrade
12 hours ago

Further fines after fatal fall on office conversion

£600,000 CDM fine after death while installing lightning protection system
13 hours ago

Lonsdale went down owing £65m to supply chain

More than 600 firms owed money as reduced credit rating sinks M&E giant
4 days ago

Wates only bidder for £80m Cardiff estate rebuild

Council contacted 20 framework firms but received only one bid for 295-home Channel View estate rebuild
4 days ago

£21m legal battle over flawed concrete at Salford flats job

Developer in compensation battle with Arcadis after new concrete core demolished
3 days ago

Abu Dhabi developer Aldar Properties buys London Square

UAE giant swoops on resi specialist in vote of confidence for London market
4 days ago

Hunt for delivery partner to revive New Hospital Programme

Programme delivery partner to get £600m fee to get plans back on track
4 days ago

Green light for new £780m Essex garden village

3,700 homes and four new schools to be built at Dunton Hills
4 days ago

Laing O’Rourke makes a £288m loss

Rampant inflation on fixed-price jobs and problem contracts blow hole in accounts
5 days ago

Keltbray, OCU and Clancy clinch £1bn electricity network upgrade

Scottish and Southern Electricity Networks awards biggest ever deals for central southern England
5 days ago

G&T enlisted for commercial review of HS2 main civils contracts

Phase 1 Main Works Civils Contracts to come under cost scrutiny
4 days ago

TClarke order books doubles to top £1bn for first time

M&E specialist on track to exceed £500m turnover this year
5 days ago

Wates signs Government safety remediation pact

Private builder belatedly signs fire safety developer remediation contract
5 days ago

Liverpool all-electric industrial park approved

McLaren and Caddick in chase for Sefton 800,000 sq ft Atlantic Park scheme
5 days ago

Former Buckingham Group MD to join John F Hunt

Simon Hyams is new Managing Director for Contracting
5 days ago

Three in race for retendered £150m A9 dualling job

Bidders take another look after client takes on more risk
6 days ago

Clancy tops £300m revenue in fifth year of growth

Civils contractor delivers £13.5m pre-tax from water and energy sector work
5 days ago

Tower crane collapses on Edinburgh resi site

Jib falls onto apartment block under construction: Video
6 days ago

Salboy drops office space from Viadux Phase Two

Developer to focus on Manchester residential towers of 76 and 23 storeys
6 days ago

Warwick Uni plan for science and engineering campus

370,000 sq ft science and engineering precinct submitted for planning
6 days ago

Morgan Sindall chalks up Greater Manchester schools treble

Bury, Stockport and Wythenshawe school jobs will create 1,600 pupil places
5 days ago

Plans in for £65m Blackpool multiversity campus

Council leads plan for Talbot Gateway learning campus
6 days ago

Laing O’Rourke wins first phase of £700m Oxford R&D district

Landmark Red Hall and two labs to be built in phase 1a of Oxford North scheme
1 week ago

Contractor services