?40m Skipton development programme

RNS Number : 3317G

Morgan Sindall Group PLC

11 May 2011

 



11 May 2011

Morgan Sindall Group secures £40 million Skipton development programme

Morgan Sindall Group plc, the construction and regeneration group, today announces that its affordable housing division, Lovell, has signed an agreement with specialist property developer Maple Grove Developments and Craven District Council for a £40 million development programme in Skipton, North Yorkshire.

The scheme will involve the construction of over 200 homes and a significant expansion of the town's shopping centre. Lovell will deliver the housing element of the scheme, valued at £30 million. The housing to be constructed will be a mixture of open market, affordable rent and shared ownership.

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

"Lovell continues to make progress developing its market-leading position in the affordable housing arena with this latest deal, one of a number we have already secured this year. We look forward to working with Maple Grove and Craven District Council to deliver the development."

Ends

Notes to Editors: 

Morgan Sindall Group

Morgan Sindall Group plc is a leading UK construction and regeneration group operating 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.

ENQUIRIES:

Morgan Sindall Group plc                                       Tel: [phone]

Paul Smith, Chief Executive

David Mulligan, Finance Director

Blythe Weigh Communications                               Tel: [phone]

Tim Blythe                                                                    Mobile: [phone]

Paul Weigh                                                                  Mobile: [phone]

 

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