Balfour Beatty awarded £15m contract by Audley Group

Infrastructure group Balfour Beatty has been awarded a £15m contract by Audley Group to deliver the second phase of the Cooper's Hill retirement development in Englefield Green, Surrey.

The contract will see Balfour supplement the development by a further 50 luxury homes located within the 66-acre Magna Carta Park, which was formerly part of Brunel University.

Dean Banks, chief executive of Balfour's UK construction services business, said: "Our appointment to deliver the second phase of the Cooper’s Hill development is testament to our long-standing, successful relationship with Audley Group which has seen us partner on five village locations to date.

"Our expert team is primed and ready to commence works and safely deliver this 128 luxury retirement home development."

Construction of the first phase is already underway and due to complete in winter 2019, with the second phase to follow in summer 2020.

Kevin Shaw, managing director of Audley Group, said: "Audley Cooper’s Hill is a special site so the chance to acquire more land was too good to pass up. The demand for the type of retirement living that Audley Villlages offers is high and growing across the UK, as an ageing population seeks aspirational properties to downsize to."

At 1545 BST, the shares were down 0.9% to 273.30p.