STYLES & WOOD REAPPOINTED TO BANKING FRAMEWORK

8 December 2016

Styles & Wood Group plc

STYLES & WOOD GROUP REAPPOINTED TO MAJOR BANKING FRAMEWORK

Styles & Wood Group plc ("Styles & Wood" or the "Group"), the integrated property services and project delivery specialist, is pleased to announce that it has been reappointed to the framework of one of the UK's leading financial services institutions to deliver construction services.

The updated framework, which sees the consolidation of a number of work streams, will commence immediately and is expected to continue until 2019, with the option to extend until 2021. It will include a broad range of programmes and projects across their property portfolio in both the UK and Republic of Ireland. The Group's appointment to the framework is anticipated to deliver significant revenues through the initial phase with the opportunity for further enhancement.

As part of the framework, Styles & Wood will provide an integrated property solution incorporating the Group's full service line.

Tony Lenehan, Chief Executive of Styles & Wood, said: 

"We are delighted that our specialist capabilities in support services for the built environment, together with the consistently high quality of service we have previously provided, have enabled the Group to be reappointed to this framework. Styles & Wood's integrated service offering and technology based property solutions leave the Group ideally placed to support the progressive roll out of strategic programmes of this nature for major corporates."

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