Morgan Sindall Group PLC Awarded £103 million Affordable Housing Contract (6220T)

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RNS Number : 6220T

Morgan Sindall Group PLC

09 December 2011

9 December 2011

Morgan Sindall Group awarded GBP103 million housing refurbishment contract

Morgan Sindall Group plc, the construction and regeneration group, today announces that its affordable housing division, Lovell, has signed an agreement with Barnet Homes, worth approximately GBP103 million over 10 years.

The contract will involve Lovell delivering planned refurbishment and electrical work across a portfolio of 15,000 homes.Barnet Homes manages and maintains homes and estates on behalf of Barnet Council.

Work is due to commence in April 2012.

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

"This is another important win for Lovell which builds on the response maintenance work we acquired as part of the acquisition from the administrators of Connaught. Today's announcement underlines our leading position in affordable housing. Lovell's full service offering will mean we can deliver the highest quality upgrade and response maintenance work to the Barnet Council housing stock."

Ends

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.

Lovell

Lovell is a leading provider of affordable housing. The company has expertise in new-build, regeneration and refurbishment while its responsive and planned maintenance business Lovell Respond provides comprehensive maintenance and estates management services. With offices in England, Scotland and Wales, Lovell offers a unique one-stop shop of services with the ability to build homes, offer a full menu of tenure options and maintenance for life. Lovell 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.

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 
   Matthew Neal                                                              Mobile: 07917 800011

This information is provided by RNS

The company news service from the London Stock Exchange

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