RSS Feed Press releases

• Net result for the first nine months of 2008: €191.5 million (+4%)
• Revenue for the first nine months of 2008: €6.3 billion (+6%)
• Dutch residential sales from own property developments decline with more than 35%
• Interest in property developer AM increased to 100% as of 1 February 2009
• Order book as of 30 September 2008: €14.1 billion
• Profit forecast 2008 maintained: net profit of at least €260 million

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Bunnik, The Netherlands, 25 November 2008 - Investor DIF (Dutch Infrastructure Fund) has agreed to acquire an additional 25 per cent of the shares in the joint venture with BAM PPP with the transaction to be completed in early December 2008. This joint venture in which both parties will then hold an equal share was established in December 2007 and has four operational UK PPP projects in its portfolio. The additional divestment of 25 per cent by BAM PPP will result in a book profit for BAM of approximately €10 million. This book profit was already included in BAM's net profit forecast for 2008, as published in the half-year report on 28 August 2008.

Bunnik, The Netherlands, 10 November 2008 - Interbuild nv - operating company of Royal BAM Group, active on the non-residential building market of Flanders and Brussels - has won the contract for the construction of the Flemish Administrative Centre in Leuven. The project value amounts to approximately € 30 million. The project has been developed by Diestsepoort nv, a consortium including Kaïros, the Belgian property development company of Royal BAM Group. Diestsepoort will let the building for a period of 27 years to the Flemish government.

Bunnik, the Netherlands, 31 October 2008 - BAM Utiliteitsbouw bv and engineering consultancy Triplan raadgevend ingenieurs bv in Hilversum, the Netherlands have reached agreement about a proposed takeover of Triplan by BAM.

BAM Construction has cut the first sod at Severn Trent Water's £60 million eco-friendly operations centre in Coventry. It is designed to have one of the lowest carbon footprints of any office in Britain, with low energy use and a central location. The seven-storey building on the site of a former car park in the city centre will house 1,700 staff when it opens.

Bunnik, Netherlands, 7 October 2008 - Royal BAM Group has acquired all shares of the Belgian mechanical & electrical company FED Holding sa, which is based in Saint-Nicolas, Belgium. The shares were held by the management.

(Press release Tebodin:) The Hague, 30 September, 2008 - Tebodin Consultants & Engineers has set up a new office in Kharkiv, East Ukraine. Kharkiv is Tebodin's third Ukraine office; previous offices were established in Kiev (1993) and Lviv (2006). With over 150 employees, fast-growing Tebodin Ukraine CFI works on diverse projects for international and local clients in various markets.

Camberley, 25 September 2008 - Nuttall John Martin has been awarded a £2.2 million contract by Southend-on-Sea Borough Council to restore Southend Pier.