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Bouygues SA's Bouygues Development in Consortium with Derwent Living Wins Contract Worth EUR 138 Million in United Kingdom

Tuesday, 28 May 2013 08:00pm EDT 

Bouygues SA announced that the Uliving consortium, which consists of Bouygues Development (the lead firm), a subsidiary of Bouygues Construction, and Derwent Living, a group specialising in housing and facilities management services, has been awarded a contract to finance, design and build a student accommodation development on the campus of the University of Hertfordshire, north of London, and to operate it for 50 years. Within the consortium, Bouygues Development is responsible for the property development, financial and legal aspects of the project, which consists of 23 buildings providing 3,000 student bedrooms, associated social spaces and a campus gym. Design and construction will be undertaken by Bouygues UK, a subsidiary of Bouygues Construction, under a contract worth GBP 117 million (approximately EUR 138 million). 

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-0.135 -0.47%
11:29am EDT