Severfield PLC Contract (1848O)

TIDMSFR

RNS Number : 1848O

Severfield PLC

03 November 2016

Severfield plc ('the Group')

SEVERFIELD SECURES CONTRACT WINS WORTH GBP72 MILLION, INCLUDING

22 BISHOPSGATE

Severfield plc, the market leading structural steel group, announces that it has recently secured six new contracts worth GBP72 million including being appointed to work on the development of 22 Bishopsgate in the City of London.

Contract highlights

 
 --   Appointment as the steelwork contractor to 
       support Multiplex in the construction of the 
       22 Bishopsgate (net internal area of 1.4 million 
       sq. ft.) by providing superstructure structural 
       steelwork and metal decking 
 
 
 -   22 Bishopsgate was acquired in 2015 by AXA 
      Investment Managers - Real Assets, acting 
      on behalf of a consortium of international 
      investors, to develop a new building together 
      with its development partner Lipton Rogers 
      Developments 
 -   Designed by PLP Architecture, 22 Bishopsgate 
      will be an exceptional office tower with 
      art and amenities, shaped to respect views 
      of the City 
 -   It has been conceived to be more than an 
      office building and will offer a curated 
      programme of social and activity-based spaces, 
      as well as restaurants, bars and retail units, 
      as a new vertical campus which reflects the 
      City's ever more diverse occupier base 
 
 
 --   Five other contracts including: 
 
 
 -   A commercial office development in the Midlands; 
 -   Two distribution centres in the South East; 
 -   A research and development complex in Manchester; 
      and 
 -   An extension to a retail complex in London 
 

Ian Lawson, Chief Executive Officer, Severfield plc, commented:

"We are delighted to announce these new contract wins and are excited to be working with Multiplex on such a high profile development as 22 Bishopsgate. This further demonstrates the breadth of the Group's capabilities and the quality of our order book.

"The Group has a longstanding history of working on iconic London buildings such as The Shard, London Bridge Station and Wimbledon No 1 Court. Our design, experience and engineering skills have resulted in a strong pipeline across a range of sectors."

For further information, please contact:

 
                              Ian Lawson 
                               Chief Executive 
 Severfield plc                Officer            01845 577896 
  Alan Dunsmore 
   Group Finance 
   Director                                       01845 577896 
 
   Jefferies International                        020 7029 
   Limited                    Simon Hardy          8000 
                                                  020 7029 
  Harry Nicholas                                   8000 
                                                  020 3772 
 Bell Pottinger               Nick Lambert         2558 
                                                  020 3772 
  Dan de Belder                                    2561 
                                                  020 3772 
  Zara de Belder                                   2512 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 03, 2016 03:00 ET (07:00 GMT)