?50m repairs contract with Accord Group

RNS Number : 4152D

Morgan Sindall Group PLC

16 May 2012

Morgan Sindall Group awarded £50 million repairs contract by Accord Group

Lovell, the affordable housing division of Morgan Sindall Group, has been awarded a £50 million, 10-year repairs contract by one of the West Midlands' largest housing associations, the Accord Group, which provides 11,000 affordable homes and a range of services to 50,000 people across the Midlands.

Lovell will undertake day-to-day repairs and provide a 24-hour reactive repairs service to Accord's homes in Birmingham, Coventry, Walsall, Wolverhampton and Sandwell.

The contract, which is due to start from June this year, is expected to deliver significant savings to the Accord Group and create 10 new apprenticeships over the life of the contract.

Paul Smith, Chief Executive of Morgan Sindall Group plc, said "We are thrilled that Accord Group has chosen Lovell to carry out this repairs contract, not least because the deal will create a number of maintenance apprenticeships over the next 10 years. This is a significant contract win, and further underlines the ability of Lovell to deliver first class maintenance and repair services across a broad geographical area."

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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. One of the 5 divisions, Lovell, provides maintenance services for 200,000 domestic and commercial properties across the UK.

ENQUIRIES:

Morgan Sindall Group plc Tel: 020 7307 9200

Paul Smith, Chief Executive

David Mulligan, Finance Director

Brunswick Tel: 0207 404 5959

Nick Cosgrove

This information is provided by RNS

The company news service from the London Stock Exchange

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