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Morgan Sindall Group PLC

27 November 2017

27 November 2017

Morgan Sindall Group plc

Partnership Homes division awarded c.GBP250m Ministry of Defence contract

Morgan Sindall Group plc, the construction and regeneration group, is pleased to announce that its Partnership Homes division, trading as Lovell, has been awarded a contract by the Ministry of Defence (MOD) to build more than 900 new homes for troops and their families relocating from Germany to Salisbury Plain, South Wiltshire, as part of the Army Basing Programme ('ABP'). The contract is worth c. GBP250m in revenues to Lovell, spread over three years.

The contract will see the company construct 917 homes at three sites across Bulford, Larkhill and Ludgershall by May 2020. Work began in spring 2017 to create new roads and other infrastructure critical to this project. Housing construction is due to start in early 2018.

Lovell believes the project will deliver faster construction times than any other UK low-rise homes scheme, with the exception of the previous project delivered by the company for the MOD at Stafford.

John Morgan, Chief Executive of Morgan Sindall, commented:

"We are delighted to have been awarded this contract with the MOD. It is a testament to the strong partnership Lovell has built with the MOD and our track record of delivering high quality housing projects at pace. Our focus now is on delivering best in class homes for the troops and their families."

ENDS

Enquiries:

 
 Morgan Sindall 
  Group plc             020 7307 9200 
 John Morgan, Chief 
  Executive 
 Steve Crummett, 
  Finance Director 
 
 Instinctif Partners 
  (Financial PR)        020 7457 2020 
 Matthew Smallwood 
 Helen Tarbet 
  Rosie Driscoll

Notes to Editors:

Morgan Sindall Group plc

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of cGBP2.6 billion and which operates through six divisions of Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration and Investments.

Its Infrastructure division specialises in the design and delivery of technically demanding infrastructure, offering a diverse civil engineering capability including tunnelling, utilities, building, civil engineering and mechanical and electrical services to customers across the market sectors of nuclear, energy, highways, aviation, rail and water.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 27, 2017 02:00 ET (07:00 GMT)

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