British construction company Balfour Beatty has been awarded a EUR 150 mln public tender by privately-owned real estate company Grosvenor for the construction of the Paradise Project, a new multi-use complex that will rise in Liverpool's city centre. The development is a significant part of Grosvenor's 42-acre urban redevelopment programme in the city, scheduled for completion by 2008, when the city will be the European capital of Culture.
British construction company Balfour Beatty has been awarded a EUR 150 mln public tender by privately-owned real estate company Grosvenor for the construction of the Paradise Project, a new multi-use complex that will rise in Liverpool's city centre. The development is a significant part of Grosvenor's 42-acre urban redevelopment programme in the city, scheduled for completion by 2008, when the city will be the European capital of Culture.
The project consists of some 15 buildings including over 50 new retail units, 160 apartments and three commercial buildings, together with 550 parking spaces and the refurbishment of other buildings, including Liverpool's oldest grade 2 listed warehouse, for retail use.