Morgan Sindall Group Regulatory News (MGNS)

9 Aug 2007 07:01

Morgan Sindall PLC09 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, isset 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 expectedto be completed in early 2009, is being carried out in partnership with theIslington and Shoreditch Housing Association (ISHA). The project, Mildmay@N1,will involve the development of 136 flats for a number of uses including openmarket sale, affordable rent and New Build HomeBuy shared ownership, through thehousing association. Paul Smith, Chief Executive of Morgan Sindall plc, coments: "Lovell is a market leader in the provision of mixed tenure affordable housingdevelopments, and today's announcement is testament to our ability to deliverhigh quality projects of this kind. We are delighted to be working with ISHA ona scheme which will create a landmark new housing development for the area." Morgan Sindall has recently established a new urban regeneration division, MuseDevelopments, following the acquisition of Amec Developments Ltd. MuseDevelopments specialises in delivering complex mixed use schemes. Morgan Sindallbelieves that the combination of Muse Developments and Lovell deliverssignificant advantages, further strengthening the Company's market leadingposition in affordable housing and urban regeneration. EndsENQUIRIES: Morgan Sindall plc Tel: 020 7307 9200Paul Smith, Chief ExecutiveDavid Mulligan, Finance Director Blythe Weigh Tel: 020 7138 3204Tim Blythe Mobile: 07816 924626Paul Weigh Mobile: 07989 129658 Editor's notes: Lovell is Britain's leading provider of affordable housing. It is a member ofMorgan Sindall plc, the construction and urban regeneration group, whichoperates 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