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Mansell secures first phase of five-year masterplan contract for new accommodation at RAF Lakenheath with a potential value of £127 million

18 Jul 2005

Balfour Beatty, the international engineering, construction and services group, announces today that its subsidiary, Mansell, the construction and property services company, has been awarded the first construction phase, under a masterplan contract, to redevelop accommodation facilities for United States Air Force staff and their families at RAF Lakenheath in Suffolk.

The £14.5 million project has been awarded under the Framework Partnering Contract to replace USAF housing stock at Lakenheath with 89 new dwellings. The £1.3 million design work for phases 2 and 3, which will have a combined construction value of £53 million, is already under way, with the entire project (for 606 new dwellings) likely to have an overall value of £127 million once completed.

Commenting on this award today, Balfour Beatty Chief Executive, Ian Tyler, said:

“Mansell has made excellent progress since it became part of the Balfour Beatty Group at the end of 2003. Its order book has grown by 35% to £438 million since it joined the Group, its position in the fast-growing social housing market has been further strengthened and the work coming through its long-term framework agreements with blue chip customers has continued to expand.”

Mansell’s relationship with the USAF goes back to 1945. The US government makes a very substantial investment in the education and training of armed forces and the very high housing design standards required for its forces serving overseas reflects this.

ENDS


Enquiries to:

Tim Sharp
Tel: 020 7216 6884

www.balfourbeatty.com

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