New £45m Aberystwyth Student Residential Development ready for September 2014
Balfour Beatty, the company responsible for the design and construction of the new £45m student residences at Aberystwyth University, has announced that the project has received the full backing of investors. In a statement to the London Stock Exchange, Balfour Beatty announced that it had reached financial close on two major UK developments; the £45m Aberystwyth University Penglais Farm New Student Residences and the University of Edinburgh’s £63 million Holyrood Postgraduate Student Accommodation and Outreach Centre. In February, Balfour Beatty was unveiled as Aberystwyth University’s preferred bidder for the development following a competitive dialogue process that saw it beat off competition from several other leading construction companies. The announcement confirms Balfour Beatty as Aberystwyth University’s Residential Development Partner. The Penglais Farm Student Residences will offer the very latest in purpose built student accommodation for 1000 students. Indiv...