BAM Consortium Wins Contract to Renovate Building in The Hague
Royal BAM Group, one of Europe’s most successful construction groups, is part of a consortium that has reached agreement with the Government Buildings Agency (Rijksvastgoedbedrijf) for the renovation of Rijnstraat 8 building in The Hague.
The new flexible government office Rijnstraat 8 will accommodate the Ministry of Foreign Affairs, the Ministry of Infrastructure and Environment, the Immigration and Naturalisation Services and the Dutch Central Agency for the Reception of Asylum Seekers (COA) as of early 2017.
The contract covers the design, construction, financing, maintenance and soft services over a 25-year period.
The project is to be implemented by the PoortCentraal consortium, a partnership between BAM, OMA, and ISS.
BAM PPP won the project in joint venture with PGGM; together, they will be providing the required equity. Project financing is provided by Rabobank and Allianz Global Investors Europe. The present value of the project is €267 million.
Works will start in the last quarter of 2014 and the building will be completed in end 2016. Following the construction phase, the consortium will be responsible for services and management over a 25- year period, including among other services: maintenance, catering, cleaning and logistics.
KPMG were financial advisors to PoortCentraal during the tendering process and the preparations for financial close.
Legal advisor to the consortium was De Brauw Blackstone Westbroek. AON Risk Services and VHIVA supported PoortCentraal with regard to insurance issues. Advisors to the lenders were Nauta Dutilh (legal), Turner & Townsend (technical), BDO (model auditor) and AON Global Risk Consulting (insurance).
Skanska secures $84m Portland Airport upgrade contract
Skanska's share of the contract amendment is worth US$84M, which will be included in the US order bookings for the second quarter.
The amendment includes work on the Terminal Core Expansion project, comprising structural, mechanical and electrical work and enclosure. Construction is underway and scheduled for completion by 2025.
With annual travelers expected to climb to 33 million by 2045, the Terminal Core Redevelopment project is a vital expansion that ensures PDX will be able to serve the community well into the future.
Hoffman will install a new 9-acre large-span roofing system over the entire terminal core complex, build a 150-foot multi-floor addition between Concourses C and D, and add new pre- and post-security concessions.
The renovated passenger entry terminal will double the size of the current ticketing and lobby area when it opens in 2025. It is also replacing 16 old passenger boarding bridges plus equipment throughout the PDX concourses. Gate count is critical for PDX operation, so the team must coordinate with each airline to replace one bridge at a time. In addition, Hoffman is rebuilding and enlarging Concourse B. The project is targeting LEED Gold.
Skanska USA recorded sales of SEK66 billion in 2020 and has about 7,600 employees in its operations.
In other recent developments:
- Skanska has sold an elderly care home in Sollentuna outside Stockholm, for about SEK280M, to Altura and lease agreements have previously been signed with Nytida and Vardaga.
- The group has also divested a residential project consisting of rental apartments, senior apartments and a home for people with special needs in Malmö, to Bantorget Hyresbostäder for SEK300M.
- Skanska has joined the climate initiative Leadership Group for Industry Transition (LeadIT) that gathers countries and leading companies committed to action to achieve the Paris Agreement.
- Skanska has, through Cementation Skanska, signed a contract with the Skanska Costain STRABAG joint venture for major piling works for the London Tunnels section on the HS2 high speed railway.