Balfour Beatty wins uni deal

Infrastructure group Balfour Beatty said yesterday it is the preferred bidder for a £45m housing project with Aberystwyth University. The 32-year concession contract will involve the design, build and maintenance of facilities for the university. The project will provide housing for 1,000 students, as well as communal facilities. Balfour will invest 10 per cent of the equity into the project, expected to reach financial close in the middle of the year.