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| Balfour Beatty exchanges contracts on project in Florida UK construction firm Balfour Beatty announces that it has exchanged contracts on the US$123 million (£82 million) Florida Atlantic University (FAU) student accommodation PPP project. Balfour Beatty is part of a development and management team to design, build and operate the accommodation, which will consist of 1,216 beds in 375 units on the university's main campus in Boca Raton, Florida. The apartments are expected to be available for occupancy from August 2011. Balfour Beatty will invest equity of approximately US$3.4 million into the 30-year concession. The development team for the FAU student accommodation project comprises Balfour Beatty, Capstone Development Corp. and Crocker Partners LLC. Balfour Beatty is the construction contractor for the project. The management team is comprised of Balfour Beatty and Capstone On-Campus Management, LLC and FAU. write your comments about the article :: © 2010 Construction News :: home page |