Preferred bidder on London construction project

RNS Number : 9101K

Kier Group PLC

22 April 2015

 

For release at 0700 hours on 22 April 2015

KIER GROUP PLC

Kier selected as preferred bidder on £170m first phase of London construction project

Kier Group plc ("Kier"), the integrated property, residential, construction and services group, announces that it has been selected as preferred bidder by the Greenland Group to deliver the £170m first phase of The Ram Quarter, a major flagship regeneration scheme in Wandsworth, London. This award reflects Kier's strength in the building regeneration sector.

The Ram Quarter will be delivered in three phases, with a total value of around £600m. Kier will deliver 411,000sq ft of new build residential and retail space. In addition to this, the first phase of the project also includes the 56,000sq ft refurbishment and remodelling of the Grade II listed brewery complex, creating restaurants, boutique shops, cafés and bars, a micro-brewery, a brewery museum and residential units. Kier is commencing enabling works this month with phase one scheduled for completion in early 2017.

Commenting on the announcement, Haydn Mursell, Chief Executive, said:  "We are very pleased to be working on The Ram Quarter, a landmark development that will deliver substantial economic and social benefit for the local community. Kier has extensive experience in major mixed-use and regeneration projects in London and our breadth and depth of experience has positioned us to become a partner of choice for major city regeneration schemes."

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Contacts:

Faeth Birch/Daniela Fleischmann (Finsbury):           [phone]

Kier press office:                                                   [phone] / [phone]

Notes to Editors

About Kier Group

Kier Group is an integrated property, residential, construction and services group operating across a range of sectors including defence, education, housing, industrials, power, transport and utilities. The Group employs over 15,000 people worldwide and recorded turnover of £3bn in the past financial year.

Visit www.kier.co.uk

About Greenland Group

Greenland Group is a global development and asset management Fortune 500 company. An established property developer in the UK, the company is also active in Australia, Canada, France, Germany, Malaysia, South Korea, Thailand and the USA. It has a strong commitment to social responsibility, building high-quality sustainable homes using energy-efficient technology.

About The Ram Quarter

The Ram Quarter will provide 663 new homes in the centre of Wandsworth. In addition to a landmark residential tower and over 9,500 sq m of space dedicated to new shops, cafés, bars and restaurants, this development by Greenland Group will preserve many of the site's historic buildings. The River Wandle, which runs through the site, will be a central feature of the development.

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