Balfour Beatty has secured its first tower contract in London following the award of the Providence Tower deal.

The company explained that the £110 million development agreement would mark the largest residential scheme and will make it the tallest building constructed by Balfour Beatty in the UK. It represents a major milestone for the international infrastructure group which has been targeting the UK skyscraper market for a number of years and has now finally cracked it.

Providence Tower will be situated in London Docklands and will become one of the biggest structures in the area, measuring 43 storeys. Construction is due to begin near Canary Wharf over summer 2013 with officials earmarking December 2015 as a completion date. Balfour Beatty has already outlined a series of sustainable measures it is keen to implement to ensure its completes the project with ultimate efficiency.

Officials stated that it would be using construction methods such as modularised mechanical and electrical services which will be put together off site and then delivered just in time. This is designed to help slash on site timescales as well as a reduction in the number of vehicles that will be moving to and from the area on a daily basis.

Andrew McNaughton, Balfour Beatty chief executive, said: "Providence Tower is a great example of the big, complex building projects where Balfour Beatty excels. It allows us to bring together our experience and include sustainable and innovative solutions to create high quality living spaces for communities."

The Providence Tower development will see the delivery of 484 residential units at New Providence Wharf on the banks of the River Thames while 343 private units will also be included in the tower. There will be a host of affordable apartments ideal for professionals that require easy access to the city.

Despite securing the new contract, Balfour Beatty recently announced that it would be closing regional offices in Dartford, Rochdale and Doncaster. The company stated that it was part of its ongoing regional restructuring programme.

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