Contractor appointed preferred bidder on a mixed-use development for University of West Florida

Balfour Beatty has been appointed preferred bidder on a £330m mixed-use development for the University of West Florida in the United States.

The project consists of the University Park and Northwest Village projects.

University Park includes student accommodation, a student union, football stadium, parking structure and plaza, while Northwest Village includes a senior living community geared at retired faculty and persons affiliated with the university.

The project will be delivered in phases over a 10-year period, with the first phase expected to reach financial close in 2014.

Andrew McNaughton, Balfour Beatty chief executive, said: “We look forward to working with the University of West Florida, Aberystwyth University and The University of Edinburgh to deliver these fantastic projects that will greatly enhance the student experience.

“We have identified the student accommodation market as a key growth area and an effective route to the diversification of our business.”