RSS Feed Press releases

Bunnik, the Netherlands, 15 March 2019 – Royal BAM Group nv will establish an Executive Committee, in addition to the two-person Executive Board consisting of CEO R.P. (Rob) van Wingerden and CFO L.F. (Frans) den Houter, effective 1 April 2019.

(Press release Miral:) Abu Dhabi, UAE,6 March 2019 – Miral, Abu Dhabi’s creator of destinations, marked a significant construction milestone at the Yas Bay Arena development with the installation of the arena’s longest roof truss. HE Mohamed Khalifa Al Mubarak, Chairman of Miral, and Eng. Mohamed Abdalla Al Zaabi, CEO of Miral, marked the occasion by leaving their signatures on the roof truss of the arena before it was lifted into place.

6 March 2019 - A consortium of Van Oord and BAM International completed the construction of the APM Terminals Moín in Costa Rica. Last week’s inauguration of the container terminal will enable products to be shipped on transatlantic routes to European and Asian markets without transshipment.

Bunnik, the Netherlands, 1 March 2019 - BAM Infra Nederland bv has sold its Belgian subsidiary BAM Infratechniek bvba, based in Schoten (Belgium) to Teletronika NV in Wuustwezel. Teletronika NV is part of the ESAS Group. BAM Infratechniek bvba focuses on the construction of telecom infrastructures in Belgium. The transaction relates to all more than thirty employees, the work in progress and plant and equipment. Financial details are not disclosed.

As the building frame approaches the end of its construction, City’s President, Professor Sir Paul Curran says it is one of several important estate developments that will ‘serve to define the university we aim to be’.

(News release City, University of London:) London, 22 February 2019 - The topping out ceremony for the £65 million City Law School building took place on Tuesday 19th February. The construction project, undertaken by BAM Construction, stands at the corner of Sebastian Street and Goswell Road and is due to complete next year.

(Press release Ask Real Estate:) Manchester, 25 February 2019 - Ask Real Estate, in a joint venture with the Richardson family and PATRIZIA, has exchanged a pre-let agreement with Whitbread for a 200-bedroom Premier Inn hotel at First Street, Manchester.

(Press release OpenIJ:) IJmuiden, the Netherlands, 21 February 2019 – The OpenIJ consortium finalised the discussion with its banking syndicate regarding the rescheduling of the financing for the construction of the world’s largest sea lock. OpenIJ can resume drawing from its banking facilities in line with the agreed new schedule with immediate effect.

• Adjusted pre-tax margin of 2.1% despite the impact of sea lock IJmuiden project (OpenIJ)
• Construction and Property: good result benefiting from Dutch residential property, UK and Ireland
• Civil engineering: strong performance in UK and Ireland, mainly offset by the Netherlands
• PPP: solid performance from the existing portfolio
• Order book growth driven by multi-year projects with firm focus on tender discipline
• Positive cash flow with strong inflow in second half 2018
• Non cash impairments on Dutch regional property positions in Q3 and Dutch deferred tax asset in Q4
• Dividend proposal of €0.14 (2017: €0.10) per share with scrip alternative and buy-back to offset dilution

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Kill, Co. Kildare, 15 February 2019 - Royal BAM Group commits to planting 150,000 trees worldwide this year to highlight sustainability agenda. BAM Ireland marked its international 150-year anniversary this weekend. Staff and their families were joined by ‘Trees on the Land’ as they volunteered to help plant, 9,000 trees at four locations across the island of Ireland.