IN BRIEF: Balfour Beatty offloads Glasgow student accommodation
19th Dec 2025 11:10
Balfour Beatty PLC - London-based international infrastructure construction firm - Sells Foundry Courtyard, a 536-bed student accommodation building in Glasgow, Scotland, to an undisclosed buyer. After allowing for debt repayment and normal adjusting items, it says net disposal proceeds are GBP26 million. Adds that the sale generates a profit on disposal of GBP24 million. Balfour Beatty says the proceeds are in line with its valuation as of June 27. It continues to expect gains on investment disposals for the full year in the range of GBP30 million to GBP40 million. Read More