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| Balfour Beatty appointed preferred bidder for £110 million project Balfour Beatty, the UK's biggest construction company, has been appointed preferred bidder for the University of Edinburgh's £110 million Holyrood Postgraduate Student Accommodation and Outreach Centre project. The 50-year concession contract involves the design, build and maintenance of student accommodation facilities for the University of Edinburgh. The project will provide state-of-the-art accommodation facilities for 1,160 postgraduate students, as well as an outreach centre which will become the focal point for the University's community-based teaching activities and continuous professional development courses. Energy for the facilities will be provided by the University's Combined Heat and Power Energy Centre. Balfour Beatty will invest 100% of the required equity, in the project, which is expected to reach financial close in spring 2013. write your comments about the article :: © 2012 Construction News :: home page |