Contract win

RNS Number : 1907D

Costain Group PLC

11 September 2008

 



COSTAIN GROUP PLC

('Costain')

Costain secures £80 million retail contract for ParkWay, Newbury 

Costain is pleased to announce that it has been awarded an £80 million contract by Standard Life Investments to construct a new high quality retail led mixed use development in Parkway, Newbury, West Berkshire. 

The contract is part of an extensive regeneration project for the town centre and is expected to be completed in 2010.

The works, which are due to start on 29 September 2008, comprise the demolition of existing buildings and the construction of a major mixed use retail development that will significantly enhance Newbury town centre. The contract will also see the construction of a two level basement car park and new linkages between Northbrook Street and Victoria Street at ground level.

Andrew Wyllie, Chief Executive of Costain, said: 

'This contract is further evidence of our targeted strategy delivering important major new contracts, and we are delighted to add Standard Life Investments to our growing list of blue-chip customers.'

11 September 2008

ENQUIRIES:
Costain Group PLC	Tel: [phone]
Graham Read, Public Relations
College Hill	Tel: [phone]
Mark Garraway
Adam Aljewicz

 

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