Balfour Beatty (BBY)

Down
Share Price:
915.50p
Market Cap:
£4,369.43m
Change Today:
-7.00p
Sector:
Construction and Building Materials

Balfour Beatty disposes of Foundry Courtyard

By Sharecast

Date: Friday 19 Dec 2025

RNS Number : 1794M
Balfour Beatty PLC
19 December 2025
 












News Release


 


19 December 2025


 


Balfour Beatty completes disposal of Foundry Courtyard student accommodation


Balfour Beatty, the international infrastructure group, today announces the sale of Foundry Courtyard, a 536-bed student accommodation building in Glasgow. The Group has sold its 100% stake in Foundry Courtyard to an undisclosed buyer.


After allowing for debt repayment and normal adjusting items, net disposal proceeds to Balfour Beatty are £26 million, with the sale generating a profit on disposal of £24 million.                                                        


The proceeds are in line with the Balfour Beatty Directors' valuation as of 27 June 2025, consistent with the Group's strategy of optimising value through the disposal of operational assets, whilst continuing to invest in new asset opportunities.


Gains on investment disposals for the full year continue to be expected in the range of £30 - £40 million.


ENDS


Analyst/investor enquiries:
 Jim Ryan

Tel. +44 (0)785 836 8527

jim.ryan@balfourbeatty.com


Media enquiries:            
 Vivienne Dunn

Tel. +44 (0)203 810 2345

vivienne.dunn@balfourbeatty.com


Notes to editors:


·    Balfour Beatty is a leading international infrastructure group with 27,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.


·    We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.


·    For over 100 years, we have created iconic buildings and infrastructure all over the world. Currently, we are working to deliver Hinkley Point C, the first UK nuclear power station in a generation; constructing the world-class arts and cultural facility, the Lyric Theatre, in Hong Kong; and designing, building, financing, operating and maintaining the Automated People Mover superstructure at the fifth busiest airport in the world, Los Angeles International Airport.



  • Balfour Beatty Investments is an international infrastructure investor operating in the UK and US. We provide the investment capability required to deliver complex infrastructure projects. As one of the largest investors in the Public Private Partnership industry, we have built a portfolio across a range of markets including student accommodation, the private rental sector housing and multi-family housing.  






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END
 
 
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Balfour Beatty Market Data

Currency UK Pounds
Price 915.50p
Change Today -7.00p
52 Week High 926.50p
52 Week Low 560.00p
Volume 1,378,633
Shares Issued 477.27m
Market Cap £4,369.43m

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