NIEUWEGEIN, The Netherlands, February 18, 2016 /PRNewswire/ --
Heijmans and Ballast Nedam will become partners in the Hart van Zuid Rotterdam district area development. The Rotterdam Municipal Council has approved the financial assessment, which means Heijmans can join the consortium. Under the commissioning of the local authorities of Rotterdam, the three partners will work on the renewal and reinforcement of the area surrounding the Zuidplein shopping centre and Ahoy convention centre. Among other things, Heijmans's and Ballast Nedam's job consists of property development, non-residential building and maintenance until 2043, with a value of approximately 200 million euros. The financial close is expected to occur in the first quarter of 2016.
During the multi-year area development, the Ahoy convention centre will be significantly expanded to include an international conference centre, a music hall, a cinema and a hotel. The Gooilandsingel road will become the connecting, restricted traffic link for the Hart van Zuid area. An art building with a library and theatre will be constructed on the new Plein op Zuid square. In addition, the Zuidplein shopping centre will be renovated and expanded, and will become more accessible by providing a better connection with the Gooilandsingel. The new Charlois fifty-metre swimming pool will be incorporated into the current sub-municipality city hall. Furthermore, the area will acquire much better and much more user-friendly connections. This includes the renewal of the metro and bus public transportation hub.
The decision shows that the Rotterdam Council considers the municipal project estimate sufficiently reliable to commence the construction phase. The expanded consortium base guarantees continuity, substantive reinforcement of the project team and a more balanced risk distribution in the order book of the involved parties. The schedule calls for initial work to commence in the second quarter of 2016.
About Ballast Nedam
Ballast Nedam's strategic focus is on the successful acquisition and execution of integrated housing and mobility projects in the Netherlands and abroad. In addition, we undertake projects in which we can make a difference for the client on the basis of our specialised knowledge and skills. Ballast Nedam in this respect applies a differentiated market approach by three divisions. Ballast Nedam achieves permanent quality for its clients and society at the lowest possible lifecycle costs through means of continued industrialisation of the building process by applying innovative modular concepts and standardisation. The Ballast Nedam share is included in the Euronext Amsterdam Small Cap Index (AScX). http://www.ballast-nedam.nl
Heijmans is a listed company that combines activities related to property development, residential building, non-residential building and technical services, and infrastructure in the living, working and connecting areas of endeavour. Heijmans is active in the Netherlands, Belgium and Germany, and as a technology partner supplies knowledge and concepts in various markets. We create added value for our clients by focusing on quality improvement, innovation and an integrated approach. Heijmans realizes projects for home buyers, companies, and government entities. With a workforce of approximately 6,800 employees and a turnover exceeding € 900 million during the first six months of 2015, we are building on the skyline of tomorrow. For more information, visit http://www.heijmans.nl.
SOURCE Ballast Nedam