Project Bankside worth up to

RNS Number : 3270M

Carillion PLC

28 January 2009

 

28 January 2009

Carillion wins contract for 'Project Bankside' worth up to £130 million

Carillion has been awarded the contract for 'Project Bankside', a luxury residential development adjacent to the Tate Modern, by a Native Land and Grosvenor joint venture. Construction of the first phase of this £130 million project begins this week, and is set to transform the local area on completion in 2012.  

The development, located on London's South Bank and overlooking the River Thames and St Paul's Cathedral, is one of the most strongly anticipated residential schemes in the capital. 'Project Bankside' is one of just two current luxury residential schemes in London designed by globally-renowned architectural practice Rogers Stirk Harbour + Partners.

Commenting, Carillion Chief Executive, John McDonough, said: 'We are delighted to have been awarded this contract and look forward to working with Native Land and Grosvenor, with whom we have a long-standing relationship, to deliver this prestigious urban regeneration project'.  

Alasdair Nicholls, Chief Executive of Native Land comments: 'We're delighted to have appointed Carillion to deliver this project which will undoubtedly be a stunning new development for London's South Bank. This is an exceptional project in a growing quarter of London that is already hugely sought after. Our strong off-plan sales to date are testament to 'Project Bankside's' desirability. We look forward to working alongside Carillion to deliver this exciting scheme.'

Construction is beginning on two of the five buildings that make up 'Project Bankside', which will comprise 229 apartments, 197 of which will be private and 32 of which will be affordable housing, in buildings ranging from 5 to 24 storeys. Further affordable housing will be located off-site making up a total allocation of 40 per cent. In total, the scheme will provide around 300,000 square feet of on-site accommodation. The scheme also includes 11,000 square feet of ground floor retail space. The project is scheduled for completion in phases from late 2010 through to 2012.

Notes to editors

Carillion is one of the UK's leading support services, Public Private Partnership project and construction companies. The Group has annual revenue of around £5 billion, employs some 50,000 people and operates across the UK, in the Middle East, Canada and the Caribbean. 

In the UK, Carillion's principal market sectors are Defence, Education, Health, Facilities Management & Services, Rail, Roads, Building, Civil Engineering and Utilities Services. 

In the Middle East, Carillion's principal market sectors are Construction and Facilities Management. In Canada and the Caribbean, the Group's main sectors are Health, Roads Maintenance and Construction.

Carillion has a substantial portfolio of equity investments in Public Private Partnership projects, particularly in the Defence, Education, Health and Transport sectors.

In the inaugural Sunday Times Best Green Companies Awards in May 2008, Carillion secured first place in the category for large and medium-sized companies with high environmental impact and second place overall.

This and other Carillion news releases can be found at www.carillionplc.com

For further information contact

John Denning, Director Group Corporate Affairs, Carillion plc 01902 316426  

 

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