Contract

RNS Number : 1848O

Severfield PLC

03 November 2016

 

Severfield plc ('the Group')

SEVERFIELD SECURES CONTRACT WINS WORTH £72 MILLION, INCLUDING

22 BISHOPSGATE

Severfield plc, the market leading structural steel group, announces that it has recently secured six new contracts worth £72 million including being appointed to work on the development of 22 Bishopsgate in the City of London.

Contract highlights

·	Appointment as the steelwork contractor to support Multiplex in the construction of the 22 Bishopsgate (net internal area of 1.4 million sq. ft.) by providing superstructure structural steelwork and metal decking

-	22 Bishopsgate was acquired in 2015 by AXA Investment Managers - Real Assets, acting on behalf of a consortium of international investors, to develop a new building together with its development partner Lipton Rogers Developments
-	Designed by PLP Architecture, 22 Bishopsgate will be an exceptional office tower with art and amenities, shaped to respect views of the City
-	It has been conceived to be more than an office building and will offer a curated programme of social and activity-based spaces, as well as restaurants, bars and retail units, as a new vertical campus which reflects the City's ever more diverse occupier base

·	Five other contracts including:

-	A commercial office development in the Midlands;
-	Two distribution centres in the South East;
-	A research and development complex in Manchester; and
-	An extension to a retail complex in London

Ian Lawson, Chief Executive Officer, Severfield plc, commented:

"We are delighted to announce these new contract wins and are excited to be working with Multiplex on such a high profile development as 22 Bishopsgate. This further demonstrates the breadth of the Group's capabilities and the quality of our order book.

"The Group has a longstanding history of working on iconic London buildings such as The Shard, London Bridge Station and Wimbledon No 1 Court. Our design, experience and engineering skills have resulted in a strong pipeline across a range of sectors."

For further information, please contact:

Severfield plc	Ian Lawson Chief Executive Officer	01845 577896
	Alan Dunsmore Group Finance Director	01845 577896
Jefferies International Limited	Simon Hardy	020 7029 8000
	Harry Nicholas	020 7029 8000
Bell Pottinger	Nick Lambert	020 3772 2558
	Dan de Belder	020 3772 2561
	Zara de Belder	020 3772 2512

 

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