Business
Balfour Beatty disposes of Foundry Courtyard
Balfour Beatty has completed the disposal of Foundry Courtyard, a 536-bed student accommodation building in Glasgow, for £26 million in net disposal proceeds, generating a profit of £24 million. This sale aligns with the company's strategy to optimize value from operational assets and is consistent with the Directors' valuation. The group anticipates full-year gains on investment disposals to be in the range of £30 million to £40 million. Disclaimer*
About this update from Balfour Beatty Plc
[{"type":"text","content":"\n\n\n\n\n\n\nNews Release\n \n19 December 2025\n \nBalfour Beatty completes disposal of Foundry Courtyard student accommodation\nBalfour 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.\nAfter 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. \nThe 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.\nGains on investment disposals for the full year continue to be expected in the range of £30 - £40 million.\nENDS\nAnalyst/investor enquiries: Jim Ryan\nTel. +44 (0)785 836 8527\[email protected]\nMedia enquiries: Vivienne Dunn\nTel. +44 (0)203 810 2345\[email protected]\nNotes to editors:\n· 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.\n· 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.\n· 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 m...