![Javelin Park waste plant near Gloucester, built by Balfour Beatty [photo by D Eaketts - creative commons - Wikipedia]](/assets/news_articles/2023/11/1699519416_javelin.png)
Balfour Beatty has sold its 49.5% interest in UBB Waste (Gloucester) Holdings Limited, the owner of a waste incinerator at Javelin Park near Gloucester, to Urbaser Investment Limited, its joint venture partner on the waste-to-energy project .
It has also sold its 50% interest in the Moretti multifamily housing community in Birmingham, Alabama, USA to Henssler Capital LLC.
Balfour Beatty said that the proceeds were in excess of the directors鈥� valuation as of 30th June 2023 and were 鈥渃onsistent with the group鈥檚 strategy of optimising value through the disposal of operational assets, whilst continuing to invest in new asset opportunities鈥�.
Got a story? Email news@theconstructionindex.co.uk
