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30 August 2007

Bunnik, The Netherlands, 30 August 2007 – HBG Properties Ltd (the property development arm of HBG UK, an operating company of Royal BAM Group) has sold eight office properties within its portfolio to investor IVG Immobilien AG for £146 million (approximately € 215 million).

29 August 2007

Bunnik, The Netherlands, 29 August 2007 – The negotiations about the possible sale of the US operating company Flatiron Construction Corp., based in Longmont, Colorado (as announced by Royal BAM Group in May) make good progress. These negotiations will not lead to conclusions – as was also announced – by the end of August, but in September.

28 August 2007

Just for once pupils of the Radyclyffe Primary School in Salford (Manchester) were allowed on the building site near their school. Here, at Salford Quays, HBG builds the six-storey Metro office building. HBG invited the children to receive the prizes for the best safety posters they had made.

17 August 2007

Bunnik, Netherlands, 17 August 2007 – HBG Construction Ltd has been officially appointed to construct the new £90m Mann Island development in Liverpool city centre, for clients Neptune Developments and Countryside Properties. Work will start in September 2007 with full completion expected in December 2010.

10 August 2007

HBG Construction is in the process of redeveloping 55 Baker Street, London W1 for client London and Regional Properties Ltd. The project has a total value of circa £115 million.

6 August 2007
  • New €550 million senior credit facility.
  • Increase and extension of existing subordinated loan to €200 million.
  • Continued €155 million bilateral credit lines.
  • Strategy with a solid financial foundation.
6 August 2007

Bunnik, 6 August 2007 – The Royal BAM Group has reached agreement on the acquisition of all the shares of Belgian infrastructure builder Betonac nv, based in Sint-Truiden. The shares are owned by the management. The transaction is expected to be finalised within the next few weeks.