Update re acquisition of cont

RNS Number : 4265T

Morgan Sindall Group PLC

28 September 2010

 



28 September 2010

Update regarding the acquisition of social housing contracts from Connaught

Further to the announcement made on 10 September regarding the acquisition by Lovell Partnerships, the Affordable Housing division of Morgan Sindall Group plc ("Morgan Sindall"), of the related assets associated with the majority of contracts of the social housing division of Connaught plc, Morgan Sindall today provides the following update.

We have made good progress with clients, and are pleased to announce that agreements in principle have been reached with 42 local authority and housing association clients for the transfer of their contracts to Lovell.  Discussions are ongoing with a number of other clients which are yet to agree to the transfer of their contracts.

"We are pleased to have secured so many partnerships so quickly and are delighted with the way clients have responded", says Lovell managing director Stewart Davenport. "Our prompt action has enabled us to provide customers with essential maintenance services with minimal disruption."

Ends

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]

Notes to Editors:

Morgan Sindall Group plc is a leading UK construction and regeneration group operating through four divisions of fit out, construction and infrastructure, affordable housing and urban regeneration, and an investment unit.

Lovell

Lovell is a leading UK 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.

 

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