Balfour Beatty to start £250m Lewisham Gateway phase 2

Aaron Morby 2 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

Hill gets go-ahead for North London estate rebuild

750 homes to be built at Douglas Bader Park estate in Colindale
8 hours ago

Bid race for £210m Huddersfield town centre revamp

Kirklees Council's Cultural Heart scheme will be split into two major projects
10 hours ago

£100m Darlington Station revamp enabling works start

Willmott Dixon set to deliver major station upgrade project
12 hours ago

Demolition worker gets huge payout after losing leg

Compensation settlement will fund latest prosthetic limb technology for site victim
11 hours ago

Plant hirer Vp abandons sale plan

Chairman Jeremy Pilkington says the plant hirer failed to find a suitable new owner.
10 hours ago

Turner & Townsend on board for Sheffield Supertram upgrade

Consultant to help deliver programme over next seven years after £570m funding deal
11 hours ago

Green light for new £33m Ipswich logistics park

Construction to start this October on latest Trebor Developments site
12 hours ago

Piling starts on pioneering double composite HS2 viaduct

Wendover Dean Viaduct ‘double composite’ structure will halve carbon emissions
11 hours ago

ISG pauses work on £300m gigaplant

Construction work rescheduled to reduce costs at giant car battery plant
1 day ago

Tory leadership battle delays bidding for HS2 phase 2a

Prequalification for £5.2bn-£7.2bn route to Crewe put back to September
1 day ago

Greswolde Construction goes under

Solihull contractor ceases trading with 24 jobs lost
4 days ago

Hanson on track for UK’s first net zero cement works

20 carbon capture projects shortlisted for £1bn funding
1 day ago

Plan in for Nottingham 967-room student scheme

Vita submits plan for second major purpose built student sh
1 day ago

Galliford Try gets go-ahead for next A47 dualling job

Early 2023 start for £200m section of A47 between North Tuddenham and Easton in Norfolk
1 day ago

Designs revealed for £1bn London Blackfriars tower blocks

Fosters design landmark green office skyscraper and two blocks of flats for Southwark site
4 days ago

Everton stadium job still on budget despite inflation

Club and Laing O'Rourke confident they can still build new ground for £500m
4 days ago

Construction output falls 1.4% halting 7-month growth spurt

Fresh output and orders figures confirm summer construction slowdown
4 days ago

McLaren gets green light for £85m build-to-rent scheme

Construction set to start this autumn on major city centre development
4 days ago

BAM limbers up for £25m Bedworth leisure centre

Pioneering Warwickshire health and fitness hub to start this autumn
4 days ago

Keepmoat to start four-year build in Wigan

Major regeneration scheme to start across four sites
4 days ago

Solihull contractor Greswolde heading for administration

New investors took over business 12 months ago
5 days ago

Duo win £500m canal and river main works deal

Kier and Bentley bag Canal & Rivers Trust's largest ever water engineering works deal
6 days ago

Construction Manager of the Year finalists revealed

70 of the industry's brightest talents: Full list
5 days ago

Willmott Dixon fills new strategic change director role

Vistry Group change director joins private builder to support future growth
5 days ago

Work starts on £42m Oldham Spindles overhaul

Willmott Dixon signs off £42m deal to create new market, offices and event space
5 days ago

Firms wanted for Telford & Wrekin £1.6bn building works DPS

Call up for dynamic purchasing system covering building and refurbishment work
5 days ago

Kier pulls off contracts league double in July

Contractor bags highest value of new work and tops rolling 12 months ranking
6 days ago

Hinkley Point C giant water intakes craned onto seabed

Video: contractors complete one of the world’s most complex marine engineering projects
6 days ago

Taziker revenue jumps 30% to record £73m

Multi-disciplinary engineering specialist boosts headcount to 366 staff
6 days ago

Consultant buys scaffolding contractor

RSK Group makes MG Scaffolding its latest acquisition
6 days ago

Contractor services