Infrastructure group Balfour Beatty has sold Foundry Courtyard, a 536-bed student accommodation building in Glasgow to an undisclosed buyer.
Source: Sharecast
After allowing for debt repayment and normal adjusting items, net disposal proceeds to Balfour Beatty are £26m, with the sale generating a profit on disposal of £24m, the company said on Friday.
Gains on investment disposals for the full year continue to be expected in the range of £30m - £40m it added.
Reporting by Frank Prenesti for Sharecast.com
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