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UK commercial property giant Land Securities has awarded Balfour Beatty a £70 million contract to build a mixed-use development in Glasgow.
The contractor has already begun clearing the 155,000 sq ft site at 185 to 221 Buchanan Street, which will house two large department stores and residential space.
The shops, cafes and restaurants are due to open by March 2013 in order to be operational well in advance of the Commonwealth Games in 2014. The 49 apartments are due to be completed by autumn 2014.
Residents on the top floors of the development will also benefit from the use of a rooftop garden.
Tim Clarke, divisional managing director for Scotland from Balfour Beatty, said: "We are committed to locally employing new apprentices and a significant number of new entrants to the construction industry.
"Balfour Beatty will actively use the 2014 Glasgow City Council portal for all local procurement."
Land Securities bought the site on Buchanan Street for just less under £10 million last year.
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