Summary:
- Balfour Beatty has sold its entire 536-bed Foundry Courtyard student accommodation in Glasgow to an undisclosed buyer, generating net disposal proceeds of £26 million after debt repayment.
- The sale produced a £24 million profit on disposal, aligning with the Group’s Directors’ valuation as of 27 June 2025 and supporting its strategy to optimise value through asset disposals.
- The Group maintains its outlook for full-year gains on investment disposals between £30 million and £40 million, reflecting ongoing portfolio management and reinvestment plans.
Original article:
