RSS Feed Press releases

(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

Click here for the full press release.

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.

Bruxelles, le 18 février 2019 - BAM Belgium, avec ses entités BAM Contractors, Galère et Interbuild, est la deuxième entreprise de construction en Belgique certifiée BIM Level 2.

Hemel Hempstead, 8 February 2019 - Bath and North East Somerset Council has appointed BAM Construction’s Western team to create a transformational development in the heart of historic Bath city.

Glasgow, 1 February 2019 - Representatives from BAM Construction and hub West Scotland joined Garscadden & Scotstounhill Councillor, Chris Cunningham, in helping pupils from Blairdardie Primary School mark the next step in the construction of their new school by burying a time capsule.

(English translation based on the original French-language press release from Société du Grand Paris:) Saint-Denis, France, 24 January 2019 - Société du Grand Paris [the semi-public company entrusted with the development of the Grand Paris Express] has awarded the first of three civil engineering contracts for the development of line 17 (North) of the Grand Paris Express. It was awarded to a consortium of European companies, called 'Avenir' and formed by Demathieu Bard Construction (coordinator), Impresa Pizzarotti & CSPA, Implenia France SA, Implenia Switzerland Ltd, Implenia Spezialtiefbau GmbH, [and the three BAM companies] BAM Contractors SA, Galère SA and Wayss & Freytag Ingenieurbau AG (consortium partners).

Ballyjamesduff, Co. Cavan / Kill, Co. Kildare, Ireland / Bunnik, the Netherlands, 25 January 2019 – Royal BAM Group’s Irish operating company has acquired a non-controlling share in leading modular homes provider Modern Homes Ireland (MHI). MHI constructs quality assured steel-framed homes and commercial buildings within a precision-controlled environment with units being up-to 95 per cent constructed before leaving the factory. Financial terms of the transaction are not disclosed.