Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Balfour Beatty to Develop $200 Million Student Housing in Texas

Balfour Beatty Plc, the U.K.’s largest construction group, won a 125 million-pound ($200 million) contract to develop student housing on the main campus of the Texas A&M University System.

The development in College Station, Texas, will incorporate about 4,000 beds in apartments and residence halls and will house dining services and other amenities, the London-based company said in a statement today. Details of the contract will be finalized in the coming months.

“We have identified student accommodation as a key growth area for us and we are excited about the opportunities in this growing market, both in the U.K. and U.S.,” Chief Executive Officer Andrew McNaughton said in the statement.

The company, which has about 50,000 employees and generates half of its revenue in the U.K., is seeing an increase in orders, particularly in the U.S., as construction picks up amid an improving economy. Today’s contract is the company’s sixth student-accommodation project in the U.S. and 10th globally.

The shares rose 0.1 percent to 284.30 pence at 10:15 a.m. in London, giving the company a market value of 1.96 billion pounds.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.