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Balfour Beatty Sells Glasgow Student Asset for £26m, Realising £24m Profit

Story Highlights
  • Balfour Beatty has sold its Foundry Courtyard student accommodation in Glasgow, exiting its 100% stake.
  • The £26m disposal, generating £24m profit, supports its asset recycling strategy and full-year gains outlook.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Balfour Beatty Sells Glasgow Student Asset for £26m, Realising £24m Profit

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Balfour Beatty ( (GB:BBY) ) just unveiled an announcement.

Balfour Beatty has completed the sale of Foundry Courtyard, a 536-bed student accommodation asset in Glasgow, disposing of its full 100% stake to an undisclosed buyer. The transaction delivers net disposal proceeds of £26 million and a £24 million profit on disposal, aligning with the directors’ June 2025 valuation and supporting the group’s strategy of recycling capital by selling operational assets while reinvesting in new opportunities; gains on investment disposals for the full year remain forecast in the £30–40 million range, underscoring the continuing contribution of its investment portfolio to earnings and balance-sheet flexibility.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £798.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Spark’s Take on GB:BBY Stock

According to Spark, TipRanks’ AI Analyst, GB:BBY is a Outperform.

Balfour Beatty’s strong financial performance and positive technical indicators are the most significant factors driving its stock score. The company’s strategic share buyback program and positive earnings call further enhance its market perception. However, the relatively high P/E ratio suggests caution regarding valuation.

To see Spark’s full report on GB:BBY stock, click here.

More about Balfour Beatty

Balfour Beatty is a leading international infrastructure group with 27,000 employees, focused on financing, developing, building, maintaining and operating complex and critical infrastructure that underpins national economies and local communities. Through its Balfour Beatty Investments arm in the UK and US, the company is a major investor in public-private partnerships, with a diversified portfolio spanning student accommodation, private rental sector housing and multi-family housing, alongside flagship global projects such as Hinkley Point C in the UK, the Lyric Theatre in Hong Kong and the Automated People Mover at Los Angeles International Airport.

Average Trading Volume: 1,161,655

Technical Sentiment Signal: Buy

Current Market Cap: £3.47B

Learn more about BBY stock on TipRanks’ Stock Analysis page.

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