Morgan Sindall PLC
09 August 2007
Morgan Sindall plc
9 August 2007
Lovell seal £36 million urban regeneration project
Lovell, Morgan Sindall's affordable housing and urban regeneration business, is
set to build a £36 million mixed tenure housing development at Mildmay Avenue,
Islington, north London.
The 21-month project, set to start later this year with the first homes expected
to be completed in early 2009, is being carried out in partnership with the
Islington and Shoreditch Housing Association (ISHA). The project, Mildmay@N1,
will involve the development of 136 flats for a number of uses including open
market sale, affordable rent and New Build HomeBuy shared ownership, through the
housing association.
Paul Smith, Chief Executive of Morgan Sindall plc, coments:
'Lovell is a market leader in the provision of mixed tenure affordable housing
developments, and today's announcement is testament to our ability to deliver
high quality projects of this kind. We are delighted to be working with ISHA on
a scheme which will create a landmark new housing development for the area.'
Morgan Sindall has recently established a new urban regeneration division, Muse
Developments, following the acquisition of Amec Developments Ltd. Muse
Developments specialises in delivering complex mixed use schemes. Morgan Sindall
believes that the combination of Muse Developments and Lovell delivers
significant advantages, further strengthening the Company's market leading
position in affordable housing and urban regeneration.
Ends
ENQUIRIES:
Morgan Sindall plc Tel: 020 7307 9200
Paul Smith, Chief Executive
David Mulligan, Finance Director
Blythe Weigh Tel: 020 7138 3204
Tim Blythe Mobile: 07816 924626
Paul Weigh Mobile: 07989 129658
Editor's notes:
Lovell is Britain's leading provider of affordable housing. It is a member of
Morgan Sindall plc, the construction and urban regeneration group, which
operates through five specialist divisions: Affordable Housing, Construction,
Development, Fit Out and Infrastructure Services.
This information is provided by RNS
The company news service from the London Stock Exchange