Balfour Beatty wins £100m on contracts

Infrastructure firm Balfour Beatty has been awarded several construction contracts in the commercial sector worth £100m.

A £18m contract has been awarded in Glasgow by Land Securities to build a five-storey residential and retail scheme in the city centre. The company has also won a £57m two-phase contract to construct AXA Real Estate's 60-office development in London and a £25m contract to build an 11-storey office in London's financial centre for Viridis Real Estate Service.

"We are delighted to see encouraging signs of renewed activity in the London commercial sector and to be able to demonstrate our diverse capabilities which enable us to take advantage of such growth opportunities," said Chief Executive Ian Tyler.

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"We have been able to harness technology to create innovative solutions for our customers and look forward to working with them in delivering these first class schemes."

All three projects are due for completion in 2013.