Development Win

Barratt Developments PLC 03 July 2006 3 July 2006 Barratt wins nine former school sites in West Scotland for 1,400 new homes worth £185m Barratt Developments plc has secured nine redundant school sites in South Lanarkshire, West Scotland, to build almost 1,400 new homes worth more than £185 million. The project - one of the largest single regeneration programmes undertaken by Barratt in recent years - will start next year and run on until 2011. As part of the scheme, specialist contractors will also be building brand new replacement schools. Barratt Group Chief Executive David Pretty said: 'Our West Scotland division is already one of the largest housing providers in Scotland and this important partnership project with South Lanarkshire Council will form a major part of its output going forward for the next five years. 'In common with major population centres across the UK, West Scotland is undergoing a period of historic renewal and transformation and we're very proud to be playing a key role in that.' He added: 'New homes for all sectors of the market, alongside new state-of-the-art schools, can only be tremendously good news for the South Lanarkshire area, where new housing is in seriously short supply.' Disposal of the redundant South Lanarkshire school sites is part of the wider upgrading and funding of educational facilities in Scotland. In total, Barratt will build some 1,400 apartments and houses on 85 acres of former school land, including flats and terraced houses aimed at first-time buyers and starting at under £100,000. Construction firm Amec will be building new schools on or near the old sites. The school sites are Ballerup Primary, Duncanrig High, Hunter High, John Ogilvie High and St Bride's School, all in East Kilbride; Earnock High and Holy Cross School, both in Hamilton; Cathkin High, Cambuslang; and Uddingston Grammar, Uddingston. In recent months, Barratt has contracted on 58 key new sites across England, Scotland and Wales to produce over 9,000 new homes with a development value of £1.5bn. The South Lanarkshire project is the largest of them, but others include Whitworth Park in Spennymoor, County Durham, for 800 new homes, and major brownfield sites in Crayford, Kent (440 homes), Harlow, Essex (530), and Swansea, South Wales (340). Last year, Barratt also had an outstanding run of successes, which included winning a key role in building England's largest new community at Telford, Shropshire, where the company will provide at least 1,000 homes; in Lancashire, where a Barratt joint venture is preferred developer for East Central Rochdale to build around 1,500 new homes; and in West Hendon, north-west London, where it is working in partnership with Barnet Council and Metropolitan Housing Trust to transform time-expired estates with 2,000 new homes. Barratt has also successfully won key planning consents to provide some 6,600 homes with a development value of £1.3bn over the next few years. The largest is for 750 homes on the former GlaxoSmithKline premises in west London, known as North Brentford Quarter. In addition, Barratt has agreed over 30 social housing partnership projects is recent months, which will provide 1,200 homes with a development value of £142m. These will be developed in co-operation with local authorities, housing associations and other bodies to provide housing for rent, shared ownership, key workers and special needs accommodation. ENDS Further information, please contact: Terry Garrett / Nick Dibden Weber Shandwick Square Mile 0207 067 0700 This information is provided by RNS The company news service from the London Stock Exchange ND MSCVBLFXQQBBBBE
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