Morgan Sindall Group PLC

Business and Financial Review • Nov 27, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 5105X

Morgan Sindall Group PLC

27 November 2017

27 November 2017

Morgan Sindall Group plc

Partnership Homes division awarded c.£250m Ministry of Defence contract

Morgan Sindall Group plc, the construction and regeneration group, is pleased to announce that its Partnership Homes division, trading as Lovell, has been awarded a contract by the Ministry of Defence (MOD) to build more than 900 new homes for troops and their families relocating from Germany to Salisbury Plain, South Wiltshire, as part of the Army Basing Programme ('ABP'). The contract is worth c. £250m in revenues to Lovell, spread over three years.

The contract will see the company construct 917 homes at three sites across Bulford, Larkhill and Ludgershall by May 2020. Work began in spring 2017 to create new roads and other infrastructure critical to this project. Housing construction is due to start in early 2018.

Lovell believes the project will deliver faster construction times than any other UK low-rise homes scheme, with the exception of the previous project delivered by the company for the MOD at Stafford.

John Morgan, Chief Executive of Morgan Sindall, commented:

"We are delighted to have been awarded this contract with the MOD. It is a testament to the strong partnership Lovell has built with the MOD and our track record of delivering high quality housing projects at pace. Our focus now is on delivering best in class homes for the troops and their families."

ENDS

Enquiries:

Morgan Sindall Group plc	020 7307 9200
John Morgan, Chief Executive
Steve Crummett, Finance Director
Instinctif Partners (Financial PR)	020 7457 2020
Matthew Smallwood
Helen Tarbet Rosie Driscoll

Notes to Editors:

Morgan Sindall Group plc

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of c£2.6 billion and which operates through six divisions of Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration and Investments.

Its Infrastructure division specialises in the design and delivery of technically demanding infrastructure, offering a diverse civil engineering capability including tunnelling, utilities, building, civil engineering and mechanical and electrical services to customers across the market sectors of nuclear, energy, highways, aviation, rail and water.

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAPGGGPGUPMGQC