£130m Warrington development (3104J)

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RNS Number : 3104J

Morgan Sindall Group PLC

29 June 2011

Morgan Sindall Group secures GBP130 million Warrington development

Morgan Sindall Group plc, the construction and regeneration group, today announces that its regeneration division, Muse Developments, has been selected by Warrington Borough Council as its development partner to deliver the Council's GBP130 million Bridge Street regeneration plan.

The scheme is the first phase of the Council's 25-year masterplan for the regeneration of the town centre and waterfront area. Development plans for the six-hectare Bridge Street site encompass the construction of shops, restaurants, a gym, a cinema, a food-store, an indoor market, a cultural centre, a hotel and new Council offices. Work, which is subject to planning permission, is expected to begin in 2013.

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

"Muse's appointment as Warrington Borough Council's development partner demonstrates its ability to continue to win and deliver complex, long-term regeneration partnership projects despite a challenging environment for urban regeneration.

"This is one of the largest planned regeneration schemes in the North West. We look forward to working alongside the Council in delivering this exciting project that is set to transform Warrington's town centre."

- Ends -

Notes to Editors:

Morgan Sindall Group

Morgan Sindall Group plc is a leading UK construction and regeneration group operating through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.

Muse Developments

Muse Developments is one of the country's leading names in commercial development and urban regeneration. A national developer - with regional operations in Manchester, London, Leeds and Glasgow - Muse is part of Morgan Sindall Group plc.

ENQUIRIES:

Morgan Sindall Group plc Tel: 020 7307 9200

Paul Smith, Chief Executive

David Mulligan, Finance Director

Blythe Weigh Communications Tel: 020 7138 3204

Paul Weigh Mobile: 07989 129658

Tim Blythe Mobile: 07816 924626

This information is provided by RNS

The company news service from the London Stock Exchange

END

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