The full construction contract follows on from its initial £1m pre-construction services win early in 2016 for The Madison project.

Rising to 187m, the Marsh Wall landmark tower will house 423 luxury flats of up to three bedrooms, including 104 affordable homes.

Piling works are currently underway, with commencement of the excavation of the basement and construction of the main concrete frame imminent.

The slender hexagonal glass clad tower is designed by Make Architects with all of the new homes meeting Lifetime Homes’ standards and Code for Sustainable Homes level 4.

The entire project is due for completion in 2020 with the development now over 35% sold.

Dean Banks, Managing Director of Balfour Beatty’s UK Construction Services business, said: ”Following a successful partnership with LBS Properties during the pre-construction phase, we’re delighted to have been appointed to deliver full construction of this iconic structure.”