Balfour Beatty restarts asset disposals with £20m Canada project sale

Infrastructure group Balfour Beatty said it had sold its 70% interest in the BC Children's & BC Women's Hospital Redevelopment Project in Vancouver, Canada for £20m.

The company on Thursday said the pre-tax profit on disposal is £7m, adding that the deal marked the first disposal from the group's £1.1bn infrastructure investments asset portfolio since 2019.

“The secondary market for assets remains very strong and the group is expected to dispose of further assets in the second half of the year,” Balfour said in a statement.