Balfour Beatty appointed preferred bidder for student housing projects in US and Australia

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October 02, 2014

Balfour Beatty announced today it has been appointed preferred bidder on two new student housing projects, one for The University of Texas at Dallas and one for University of Wollongong in Australia. Balfour Beatty expects to invest approximately $31 million of equity in these projects over the next three years.

The Dallas project is the third student housing project awarded to Balfour Beatty in the US in 2014, while the Wollongong project is its first project in Australia, leveraging market expertise from the UK and US.

Ian Rylatt, CEO of Balfour Beatty Investments, said:

"We continue to see a strong pipeline of opportunities in student housing and look forward to continuing to build a market leading position in the US while further expanding our operations into Australia.”