Re Contract

RNS Number : 6132Y

Kier Group PLC

07 September 2009

 



7 Sept 2009

Kier signed up for £600m North Tyneside contract

Kier, yesterday, signed a contract with North Tyneside Council to repair and maintain its social housing stock and other council-owned property for an initial ten-year term. The contract has a potential value of over £600m which could increase as the contract is extendable for a further five years. 

A workforce of 500 has transferred by TUPE to Kier managed from the council's existing Killingworth site at Harvey Combe.

Work began on the contract today which includes improvements and repairs to 16,000 council homes and council owned buildings together with reactive and planned maintenance.

This latest contract joins Kier's well-established and extensive portfolio of local authority outsourcing contracts and brings the total number of public sector homes maintained by Kier to over 240,000.

Kier Group plc chief executive John Dodds commented: "We look forward to working closely with North Tyneside Council and bringing added value as a leading provider of housing repairs and maintenance for the public sector."

Ends

Contacts:

Deena Mattar         

Group Finance Director

Kier Group        01767 640111

Faeth Birch         

Conor McClafferty     

Finsbury        020 7251 3801

 

END

 

 

CNTVDLBBKKBEBBB