Balfour Beatty wins University of Edinburgh contract
Balfour Beatty, the infrastructure group, has been appointed preferred bidder for the University of Edinburgh's post-graduate student accommodation project.
Balfour Beatty, the infrastructure group, has been appointed preferred bidder for the University of Edinburgh's post-graduate student accommodation project.
The 50-year concession contract, worth £110m, involves the design, build and maintenance of student accommodation facilities for 1,160 students, as well as an out-reach centre which will become the focal point for the University's "community-based" teaching activities.
Balfour Beatty will invest 100% of the required equity in the project, which is expected to reach financial close in spring 2013.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Ian Tyler, Balfour Beatty's Chief Executive said: "We have worked with the University of Edinburgh on numerous projects over the past 18 years and look forward to supporting them in realising their long-term aspirations to enhance the postgraduate student experience."
Balfour Beatty's share price had risen 0.6% just after the open.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
What is the 25x retirement rule and does it work?
The 25x retirement rule has been around for decades but many experts question if it is a suitable strategy
-
When is the self-assessment tax return deadline?
If you are self-employed, rent out a property or earn income from savings or investments, you may need to complete a self-assessment tax return. We run through the deadlines you need to know about