Business
Morgan Sindall wins £49m Read
Morgan Sindall wins £49m Read.
About this update from Morgan Sindall Group Plc
[{"type":"text","content":"\n RNS Number : 7567U Morgan Sindall PLC 30 June 2009 \n \n\nMorgan Sindall plc\n\n30 June 2009\n\nMorgan Sindall WINS £49 million university of reading scheme \n\nMorgan Sindall plc, the construction and regeneration group, has further strengthened its portfolio of education projects after signing a £49 million contract with the University of Reading.\n\nThe Group's construction business, Morgan Ashurst, is one of the University's construction partners in a four-year refurbishment and redevelopment programme being delivered under a framework agreement worth approximately £200 million. The contract involves the construction of new student halls of residence at the University.\n\nWork will include building two new halls of residence, consisting of 965 bedrooms, a new catering building and the refurbishment of the ground floor of an existing hall of residence, converting the space into offices. Construction has already started and the project is due to complete in September 2010.\n\nThis latest scheme follows two recent contracts wins, worth £25 million, with the University of Leeds to build a student accommodation complex and refurbish a Grade II-listed Colour Science Laboratory. \n\nPaul Smith, Chief Executive of Morgan Sindall plc, said:\n'Public sector demand in the education market remains healthy, where we have developed a strong position and this latest announcement is further evidence of our ability to benefit from this trend.'\n- Ends -\n\nEditor's notes:\nMorgan Sindall plc is a top UK construction and regeneration group which operates through five specialist divisions of fit out, construction, infrastructure services, affordable housing and urban regeneration.\n\nENQUIRIES:\nMorgan Sindall plc Tel: 020 7307 9200\nPaul Smith, Chief Executive\nDavid Mulligan, Finance Director\nBlythe Weigh Communications Tel: 020 7138 3204\nTim Blythe ...