RNS Number : 0267J
  Morgan Sindall PLC
  27 November 2008
   

    Morgan Sindall plc

    27 November 2008

    Muse Developments to deliver �350m Swindon town centre scheme - 
    one of the largest in the South West

    Morgan Sindall plc, the construction and regeneration group, announces today that Muse Developments, its urban regeneration business,
has signed an agreement with a public sector consortium comprising English Partnerships, South West of England Regional Development Agency
and Swindon Borough Council to deliver a �350 million mixed-use development which will regenerate the heart of Swindon. It is one of the
largest regeneration schemes ever in the South West.

    Union Square will be a flagship regeneration project for the town centre, providing up to 160,000 sq m of high-quality office space and
homes, 25 per cent of which will be affordable. It will also help to regenerate the town's leisure facilities, providing new shops,
restaurants, cafs and a new hotel. In addition, Union Square will include a range of new facilities to improve visitor's experience of
Swindon, such as attractive open public spaces, an improved bus interchange, new facilities for the local Primary Care Trust, and a new
multi-storey car park.

    The New Swindon Company, established in 2002 and funded by the consortium, has co-ordinated the consortium's interests in the project. 

    Work on the project is scheduled to start in 2010 and is expected to take 10 years.

    Paul Smith, Chief Executive of Morgan Sindall plc, said:

    "Urban regeneration has a key role to play in the future success of our business. Muse Developments is a market leader in the provision
of mixed-use, urban regeneration projects and this agreement, which is for one of the largest ever urban regeneration schemes in the South
West, is testament to our ability to deliver such projects."
    

    Ends

 ENQUIRIES:                                           
                                                      
 Morgan Sindall plc                 Tel: 020 7307 9200
 Paul Smith,Chief Executive                           
 David Mulligan,Finance Director                      
                                                      
 Blythe Weigh Communications        Tel: 020 7138 3204
 Tim Blythe                       Mobile: 07816 924626
 Paul Weigh                       Mobile: 07989 129658

    Editor*s notes:

Muse Developments specialises in delivering complex mixed-use schemes, predominantly in town and city centre locations. It is part of top UK
construction and regeneration group Morgan Sindall plc which operates through five specialist divisions of fit out, construction,
infrastructure services, affordable housing and urban regeneration.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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