Rea Valley Project

7 Feb 2007 07:02

Morgan Sindall PLC07 February 2007 Morgan Sindall plc £34 million Rea Valley, Birmingham housing regeneration scheme Lovell, the affordable housing subsidiary of construction group Morgan Sindallplc, has been selected by Bromford Housing Group for a £34 million housingregeneration scheme in the Rea Valley area of Northfield, Birmingham. Lovell will build 353 new homes. These will be a mix of two-bedroom apartments,two-bedroom bungalows and two to five-bedroom houses which will be foraffordable rent and shared ownership through Bromford Housing Group. The modernnew purpose-built homes will replace defective pre-cast reinforced concretehousing which is being demolished. The development is set for completion in2010. Paul Smith, Chief Executive of Morgan Sindall plc, commented: "Morgan Sindall is pleased to be involved with this major scheme which willdeliver high quality, energy efficient new homes and play an important part inthe regeneration of Rea Valley." 7 February 2007 Editor's notes: Morgan Sindall plc, the construction group, has four specialist divisions offit-out, construction, infrastructure services and affordable housing. Lovell, Britain's leading provider of affordable housing, has offices inBirmingham, Cambridge, Cardiff, Glasgow, Leatherhead, Leeds, London, Manchester,Merseyside, Newcastle, Norwich, Nottingham, Stockton-on-Tees and Tamworth. Enquiries: Morgan Sindall plc Tel: 020 7307 9200Paul Smith, Chief ExecutiveDavid Mulligan, Finance DirectorCollege Hill Tel: 07831 379 122Matthew Smallwood This information is provided by RNS The company news service from the London Stock Exchange