IN BRIEF: Balfour Beatty offloads Glasgow student accommodation

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Balfour Beatty PLC - London-based international infrastructure construction firm - Sells Foundry Courtyard, a 536-bed student accommodation building in Glasgow, Scotland, to an undisclosed buyer. After allowing for debt repayment and normal adjusting items, it says net disposal proceeds are £26 million. Adds that the sale generates a profit on disposal of £24 million. Balfour Beatty says the proceeds are in line with its valuation as of June 27. It continues to expect gains on investment disposals for the full year in the range of £30 million to £40 million.

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