Balfour Beatty announced that a subsidiary of its 50-50 Far East joint venture, Gammon Construction, has been awarded a HK$4 billion ($509 million) construction contract for a large-scale residential development, “Lohas Park Package 9”, by Wheelock and Co.
The development, located at Tseung Kwan O bay in the Sai Kung District, New Territories, Hong Kong, will include the construction of three 54- to 56-story high residential towers on a five-level podium.
Expected to commence this spring, the development is scheduled for completion in 2021.
This is the fourth project Gammon will deliver for Wheelock and Company in the Tseung Kwan O bay area.
