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Balfour Beatty has been awarded a £110 million ($170.92 million) contract to construct the 43-storey Providence Tower residential scheme for Landor - a wholly owned subsidiary of The Ballymore Group.

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Located at New Providence Wharf, by the river Thames, the residential scheme will deliver 484 residential units. Out of these, 343 private units will be housed within a 43-storey tower while the remaining units will be in a 12-storey curved podium adjoining the tower together with affordable apartments.

The scheme will also offer a health club, which will be located on the Lower Ground Floor level. Extensive external works will be provided to the whole development. Sustainable construction methods including modularised mechanical and electrical services will be utilised during the construction.

Upon completion, the structure will be the tallest building constructed by Balfour Beatty in the UK.

The main construction works are due to commence in summer 2013 and are scheduled for completion in December 2015.