RSS Feed Press releases

22 December 2011
BAM sells 21.5% interest in Van Oord

Bunnik, The Netherlands, 22 December 2011 – Royal BAM Group has sold its 21.5% interest in dredging company Van Oord, with effect from today, to a consortium formed by the Belgian investment company Cobepa and the Dutch investment companies Janivo, Breedinvest and Rinkelberg. The purchase price is €200 million. As a consequence of guarantees in the sale agreement, BAM is taking a provision in the year ending 31 December 2011 to cover the maximum risk of €15 million. The provision relates to future dividends payable by Van Oord over the next five years. Net of this provision, the transaction has no material impact on BAM’s previously announced forecast that the Group will make a net profit of €120 million for the financial year 2011.
20 December 2011
Manchester reaps ‘human investment’ benefits from the construction of the new Co-operative HQ

Hemel Hempstead, 19 December 2011 - Manchester’s local businesses have had a huge boost as a result of the construction of the Co-operative group’s new headquarters on Miller Street.
16 December 2011
Crossrail awards contract to ship excavated material to Wallasea Island

(Press release Crossrail:) London, 16 December 2011

  • Crossrail awards last remaining contract to enable tunnelling to commence in spring 2012
  • Excavated material will be used to create a new RSPB nature reserve
  • Movement of excavated material by freight train and ship will reduce the impact of Crossrail’s construction on London
15 December 2011
Kier BAM JV lined up for £100 million plus site preparation contract

Bunnik, The Netherlands, 15 December 2011 – A Kier BAM joint venture has been named preferred bidder by EDF Energy to carry out a £100 milion plus contract for site preparation works for the Hinkley Point C nuclear power station in Somerset.
14 December 2011
BAM to build new port in Jordan

Bunnik, the Netherlands, 14 December 2011 – BAM International, the operating company of Royal BAM Group active outside Europe, has been awarded a contract to construct a new port in Jordan, approximately 15 miles south of Aqaba, close to the border of Saudi Arabia. Client is Aqaba Development Corporation (ADC). The contract value for BAM amounts to approximately €50 million. The construction of the new port will take 24 months, starting January 2012.
9 December 2011
Durnford Street Care Home to be modernised by BAM in Plymouth

Hemel Hempstead, 9 December 2011 - A £2.7 million contract for the major refurbishment of a care home in Plymouth has been won by BAM Construction. The contractor will use several local firms to help it carry out a comprehensive renovation of the vacant Nazareth House facility on Durnford Street.
8 December 2011
First projects transferred into BAM PPP and PGGM joint venture

(Press release BAM PPP and PGGM:) Bunnik/Zeist, the Netherlands, 8 December 2011 - Royal BAM Group and Dutch pension fund administrator PGGM announce the first transfer of existing PPP projects into their joint venture, BAM PPP PGGM Infrastructure Coöperatie U.A., formed earlier this year.
6 December 2011
Scottish Water appoints BAM as preferred bidder to build its National Operations Centre

Hemel Hempstead, 6 December 2011 - BAM Construction has been appointed as preferred bidder to build a £15 million National Operations Centre for Scottish Water. The contractor would deliver an ultra sustainable new build office with a new Intelligent Control Centre and Data Centre at Stepps, near Glasgow for the utilities organisation.
2 December 2011
Hackney University Technical College becomes first of the Governments 24 new UTC projects

Hemel Hempstead, 2 December 2011 - BAM Construction has been awarded the contract to deliver Hackney University Technical College; London’s first ever UTC. The contractor will refurbish, fit out and extend an existing building as well as creating additional space within the Hackney Community College campus, to create a state-of-the-art facility for the new UTC.
30 November 2011
Management appointments at BAM Rail

Bunnik, The Netherlands, 29 November 2011 – The Executive Board of Royal BAM Group nv intends to appoint Mr M.A. van Raaij and Mr B.H. Regtuijt as director of BAM Rail bv with effect from 1 January 2012.
30 November 2011
BAM and Aedas to develop York Engineers Triangle for Network Rail

Hemel Hempstead, 29 November 2011 - BAM Construction and architects Aedas have secured a contract to design and build Network Rail's new flagship rail operating centre (ROC) and training facility in York. The ROC, located on the Engineers Triangle, will be one of just 14 proposed centres across Great Britain and will eventually coordinate and control all rail operations on the London North Eastern route. The training centre will consolidate services already provided at several different locations into a single, purpose-built facility.
25 November 2011
Arkady Feed and Port of Cork Announce Major Investment in Agri-food Sector

Cork, 25 November 2011 - An Taoiseach, Enda Kenny T.D. and Minister Simon Coveney T.D. today helped start construction on Arkady Feed Ltd’s 110,000 square foot bulk feed store at the Port of Cork’s Deep-water berth in Ringaskiddy, Co. Cork.
24 November 2011
BAM/ Ferrovial/ Kier JV wins £200m+ Crossrail contract

London, 24 November 2011 – BFK, a three-way joint venture comprising BAM Nuttall, Ferrovial and Kier, has been awarded a £200m+ contract on the Crossrail scheme for major works at Farringdon Station.
24 November 2011
Crossrail awards major construction contracts for Farringdon and Whitechapel stations

(Pressrelease Crossrail:) London, 23 November 2011 - Crossrail today announced that it has awarded the main construction contracts for Farringdon and Whitechapel stations. Intensive construction for both stations will get underway next year.
18 November 2011
Northbound Blackwall Tunnel safety improvements completed more than a year early

Camberley, November 2011 - Essential safety works on the northbound Blackwall Tunnel have been completed over a year ahead of schedule. As a result overnight closures will end and motorists will regain full use of the tunnel from 11 November.
17 November 2011
BAM maintains profit forecast
  • Net result for the first nine months of 2011: €84 million (2010: loss of €45 million)
  • Pre-tax margin for the first nine months of 2011: 2.0%, as forecast
  • Order book at the end of September 2011: €11.1 billion (year-end 2010: €12.1 billion)
  • Forecast net profit for 2011 unchanged: €120 million
  • Strategic agenda update: simplification of sector classification, reconsidering the position of Consultancy and engineering sector (Tebodin), intensification of risk management and develop new growth tracks.

Click here for the full press release.
17 November 2011
New chairman Supervisory Board Royal BAM Group

Bunnik, The Netherlands, 17 November 2011 – On the subject of the appointment of a new chairman of the Supervisory Board of Royal BAM Group nv the general meeting of shareholders of 20 April 2011 decided to extend the term of appointment of the current chairman of the Board Mr W.K. Wiechers, by one year. With effect from today the Supervisory Board has appointed Mr P.A.F.W. Elverding as successor of Mr Wiechers as the chairman of the Board. Mr Wiechers will continue his membership of the Supervisory Board until after the general meeting of shareholders of 25 April 2012.
15 November 2011
BAM Properties sells prime retail development in Buchanan Street, Glasgow

Hemel Hempstead, 15 November 2011 - BAM Properties has sold the final part of its £37 million retail development on Buchanan Street, Glasgow, to a client of La Salle Investment Management (LIM) for £24.5 million reflecting a yield of 5%.
14 November 2011
BAM and Nicholas Hare secure £22 million Aylesbury Vale Academy

Hemel Hempstead, 14 November 2011 -  BAM Construction has won the contract to deliver the new £22 million Aylesbury Vale Academy in Buckinghamshire. The project is the second win for BAM under the Partnership for School’s (PfS) national framework in the South East, which saw BAM secure the Medway Academies last year.
11 November 2011
Plymouth University appoints BAM for £8.5 million Cornwall health development

Hemel Hempstead, 11 November 2011 – BAM Construction is today breaking ground with Plymouth University to commence work on the £8.5 million development of its first on-campus combined student and medical staff accommodation at the Knowledge Spa, Royal Cornwall Hospital.

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