Morgan Sindall Group PLC GBP252m forward funding deal of Lewisham Gateway
14 July 2020 - 5:30PM
RNS Non-Regulatory
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Morgan Sindall Group PLC
14 July 2020
14 July 2020
Morgan Sindall Group plc
GBP252m forward funding deal of Lewisham Gateway scheme
Morgan Sindall Group plc, the UK construction and regeneration
group, today announces that its Urban Regeneration division has
agreed a GBP252m forward funding deal with Get Living PLC to
deliver the second and final phase of its Lewisham Gateway
scheme.
Once complete, the scheme will be operated by Get Living and
provide 649 homes for rent, c.25,000 sq ft of retail space,
c.15,000 sq ft of food and beverage space, a gym, 10,000 sq ft of
offices and Lewisham's first major multiplex cinema which has been
pre-let. Completion is anticipated in 2023.
The wider development is a joint project with the London Borough
of Lewisham, the Mayor of London and Transport for London,
supported by Homes England. Lewisham Gateway has already delivered
362 new homes, alongside new shops and restaurants, a public park
with children's play space and access to the rivers, plus major
infrastructure improvements which include the removal of the
Lewisham Northern Roundabout and the implementation of a new
highways system.
John Morgan, Chief Executive of Morgan Sindall Group, said:
"This deal reinforces our regeneration strategy and is testament
to our expertise in this area.
"We look forward to working in partnership with Get Living to
deliver a transformational scheme to the local community."
Morgan Sindall Group plc Tel: 020 7307 9200
John Morgan, Chief Executive
Steve Crummett, Finance Director
Instinctif Partners Tel: 020 7457 2020
Matthew Smallwood
Rosie Driscoll
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END
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