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| Balfour Beatty reaches financial close on Texas student accommodation project British infrastructure company Balfour Beatty announces that it has reached financial close for phase one of the Texas A&M University student accommodation project valued at US$104 million (£62 million). Balfour Beatty is integrating its design, construction and investment capabilities to deliver the project. The Investments business will earn a development fee for its participation and the US Construction Services business will provide design and build services. This is the first of a two phase project with an estimated combined value of US$200 million (£119 million). Phase one of the development at College Station, Texas, will feature 1, 274 beds configured in apartment designs, as well as community areas and other amenities for the University's undergraduate population. Construction will commence immediately, with the first students expected to move in during August 2015. Negotiations on the second phase are expected to be concluded later this year. Texas A&M University is the sixth largest university in the US and prides itself on providing safe, sustainable and good quality accommodation for its students. One of the key sustainable elements which Balfour Beatty will deliver on this project includes a sophisticated building control system which will allow the University to remotely monitor and adjust temperature within each room to ensure maximum energy efficiency. write your comments about the article :: © 2014 Construction News :: home page |