Aukett Swanke Group PLC Contract (3660W)
November 14 2017 - 2:00AM
UK Regulatory
TIDMAUK
RNS Number : 3660W
Aukett Swanke Group PLC
14 November 2017
Embargoed until 7:00am on 14th November 2017
Aukett Swanke Group Plc
Major Contract Win in Middle East
Aukett Swanke Group Plc, the international practice of
architects and interior design specialists and engineers, is
pleased to announce a significant new project win in the Middle
East.
In our 2016 Strategic Report we referred to the need to
strengthen our UK and Middle East operations in order to provide
resilience to our business model over the longer term and, in the
case of the Middle East, provide us with the platform to gain
access to larger scale projects. Our increase in staff numbers to
over 115 since 2015 following two local acquisitions has provided
this scale.
As a result of this strategic development we are now pleased to
advise that our UAE design team has won, against international
competition, the commission to design and deliver a new concept in
retail shopping for a major Chinese client.
The "Lesso" Mall, named after the client from Guangdong
Province, will provide some 1,270,000 square feet of retail space
plus associated car parking on a prominent site in Dubai. The
project is expected to be completed by the middle of 2020. The
revenues from the project, which will be designed and delivered
from Dubai, along with other confirmed work, will provide our Dubai
operation with revenue visibility over the medium term.
China Lesso Group Holdings Ltd (2128:HKG) is a rapidly expanding
industrial conglomerate listed on the Hong Kong stock market with
global revenues for the 12 months to 30 June 2017 of GBP2.2bn and a
current market capitalisation of approximately GBP1.61 bn.
Commenting, CEO Nicholas Thompson said
"We are delighted to announce this important contract from a
most prestigious client. It is a tangible validation of the
expansion of our operations in Dubai and the quality of their work
and provides valuable underpinning to the Board's view of next
year's performance".
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR").
Enquiries
Aukett Swanke Group Plc - 020 7843 3000
Nicholas Thompson, Chief Executive Officer
Beverley Wright, Chief Financial Officer
finnCap - 020 7220 0500
Corporate Finance: Julian Blunt/ Corporate Broking: Alice
Lane
Investor/Media enquiries
Ben Alexander - 07926 054111
This information is provided by RNS
The company news service from the London Stock Exchange
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