?65 million Hull BSF contract treble
26 July 2011
Morgan Sindall awarded £65 million Hull BSF contract treble
Morgan Sindall Group plc, the construction and regeneration group, today announces that Morgan Sindall, its construction and infrastructure division, has secured three further contracts, worth a total of £65 million, from Hull City Council's Building Schools for the Future (BSF) programme.
The three new-build contracts comprise Kingswood College of Arts, Oakfield Special Needs School and Andrew Marvell Business and Enterprise College. Work on all three projects is scheduled to complete by January 2013.
In March last year, Morgan Sindall was awarded the first two new-build contracts, worth £71 million, from this programme. Work on these schools is set to be completed in time for the start of the new school year.
The contracts follow the Hull Esteem Consortium, a partnership consisting of Morgan Sindall Investments (MSIL), Robertson Capital Projects and Hull-based Sewell Group, reaching financial close on this latest phase of the BSF programme.
The Hull Esteem Consortium together with Hull City Council and Partnership for Schools, form a Local Education Partnership (LEP) which provides project and operational management and new project development services, ensuring the BSF programme is delivered on time and on budget.
MSIL will invest equity and sub debt of £2.5 million into the second phase of schools, taking its investment so far in the Hull BSF programme to £5 million.
Paul Smith, Chief Executive of Morgan Sindall Group plc, said:
"Morgan Sindall has a leading position in the education sector and a growing reputation for exceptional project delivery. We look forward to furthering our relationship with Hull City Council while working on these latest projects."
ENDS
Notes to Editors:
Morgan Sindall Group
Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of over £2 billion and which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.
Morgan Sindall
Morgan Sindall is a UK construction, infrastructure and design business with a network of local offices. The company works for private and public sector customers on projects from £50,000 to over £500 million. Activities range from small works and repair and maintenance, to the design and delivery of complex construction and engineering projects where it is able to provide specialist design, tunnelling, utilities, building, civil engineering and mechanical and electrical services. The company operates across the commercial, defence, education, energy, healthcare, industrial, leisure, retail, transport, waste and water sectors. Morgan Sindall is part of Morgan Sindall Group plc, a leading UK construction and regeneration group with revenue of over £2 billion and which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.
ENQUIRIES:
Morgan Sindall Group plc Tel: 020 7307 9200
Paul Smith, Chief Executive
David Mulligan, Finance Director
Blythe Weigh Communications Tel: 020 7138 3204
Tim Blythe Mobile: 07816 924626
Paul Weigh Mobile: 07989 129658
This information is provided by RNS
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