Muse named regeneration partner for councils (8403Q)

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RNS Number : 8403Q

Morgan Sindall Group PLC

26 October 2011

Morgan Sindall Group named Basingstoke and Deane Borough Council's regeneration partner for GBP200 million project

Morgan Sindall Group plc, the construction and regeneration group, today announces that its Urban Regeneration division, Muse Developments, has been named as Basingstoke and Deane Borough Council's regeneration partner for a GBP200 million regeneration project.

Muse won two separate competitive tenders to work in partnership with the Council, the first to develop five separate sites in Basing View and the second to create a business class hotel in the western end of Basing View.

Building work is due to start, subject to planning permission, at the end of 2013.

The council has confirmed that it will commit GBP3.3 million to deliver critically important estate infrastructure improvements, which have already begun with the demolition of two redundant buildings and landscaping. The council has also earmarked a further GBP5 million of investment funds to help stimulate new development at the scheme.

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

"We are delighted that Muse has been named as Basingstoke and Deane Borough Council's regeneration partner for the development of Basing View as a 21(st) century business destination and we look forward to working with the council on this exciting project."

Ends

ENQUIRIES:

   Morgan Sindall Group 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

Notes to Editors:

Morgan Sindall Group

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of over GBP2 billion and which operates 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, a leading UK construction and regeneration group with revenue of over GBP2 billion and which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.

This information is provided by RNS

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