MORGAN ASHURST SECURES £71M C

RNS Number : 1125I

Morgan Sindall PLC

04 March 2010

 



 

Morgan Sindall plc

4 March 2010

MORGAN ASHURST SECURES £71M CONTRACTS FROM £400M HULL BSF SCHEME

Morgan Sindall plc, the construction and regeneration group, today announces that its construction division, Morgan Ashurst, has been awarded the first two contracts, worth £71 million, in Hull City Council's £400 million Building Schools for the Future (BSF) programme.

These initial two contracts comprise a £38 million scheme to build Winifred Holtby and Tweendykes, a new secondary and special educational needs school, and a £33 million scheme to build Archbishop Sentamu Academy, a new academy school in Preston Road, Hull.

The contracts follow the Hull Esteem Consortium, comprising Morgan Sindall Investments, Robertson Capital Projects and the Sewell Group, reaching financial close on Hull's Building Our Future strategy, a £400 million, 25-year framework to redevelop 17 schools across the city.

Together, the Hull Esteem Consortium will deliver seven new build schemes and 10 remodels or refurbishment projects. The four-year construction programme is expected to be worth £200 million to Morgan Ashurst. Construction work will begin in February 2010 and is expected to be completed in 2014.

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

"We are pleased be part of both the construction and investment team on this BSF project which is set to transform education facilities across Hull. Morgan Ashurst's experience and ability make us one of the UK's leading construction groups in the education sector.

- Ends -

Notes to editors

Morgan Sindall plc is a top UK construction and regeneration group which operates through five divisions of fit out, construction, infrastructure services, affordable housing and urban regeneration, which are supported by two specialist units of investments and professional services.

Morgan Ashurst is a leading full-service construction business with more than 1,800 employees in the UK. Supported by a national network of local offices, the company works for private and public sector clients on projects from £50,000 to over £300 million. Morgan Ashurst's construction activities range from small works, repair and maintenance services to large-scale complex projects across the commercial, defence, education, healthcare, industrial, leisure, retail and transport sectors.

Morgan Sindall Investments (MSIL) provides project development and funding solutions through a one-stop service, allowing our partners in the public sector to implement sustainable change in order to improve long-term prospects and well-being of local communities.

ENQUIRIES:

Morgan Sindall plc                                                      Tel: [phone]

Paul Smith, Chief Executive

David Mulligan, Finance Director

Blythe Weigh Communications                                   Tel: [phone]

Tim Blythe                                                                     Mobile: [phone]

Paul Weigh                                                                   Mobile: [phone]

 

END

 

 

CNTDMGGFKDDGGZM