A 50:50 joint venture (JV) between Balfour Beatty and Gammon Construction has been appointed to build a 10-storey building at Hong Kong’s Cyberport business park. The contract is said to be worth US $473mn.

According to a report, the structure will contain office space, a data services platform, multi-functional hall, ancillary facilities and waterfront enhancements.

Main construction works are scheduled to begin on the project in 2025. At the height of building work, over 1,000 staff will be employed at the development.

“The contract follows on from our design and construction of the foundation and excavation works, and this latest award will see us deliver a complete end-to-end construction partnership. We look forward to participating in this important initiative that seeks to attract more quality innovation and technology companies and start-ups to establish their businesses at Cyberport,” said Kevin O’Brien, Gammon’s Chief Executive.

Gammon said that it would use its ‘G-Twin technology’ to monitor progress, streamline workflows and analyse data to allow faster decision making.