Interserve PLC Interserve wins Leeds housing development contract (9258S)

TIDMIRV

RNS Number : 9258S

Interserve PLC

09 October 2017

Release

9(th) October 2017

INTERSERVE WINS CONTRACT FOR MAJOR HOUSING DEVELOPMENT IN LEEDS

Interserve, the international support services and construction group, has been awarded a contract worth in excess of GBP70 million by Dandara Limited to design and build a residential development comprising 744 apartments in Leeds.

The four-building development, located in the south side of Leeds city centre, will offer one, two and three bedroom apartments as well as a number of studio-style options. Landscaped areas, basement car parking, access control and a dedicated area for concierge and management services will also be provided.

Debbie White, Interserve's chief executive, said:

"This contract is an exciting addition to Interserve's growing portfolio of accommodation projects and adds to our already extensive presence in the Yorkshire region. We look forward to playing a central role in the regeneration of Leeds city centre, and creating much-needed new homes in the area."

Work has already commenced onsite, with the development due for completion in June 2019.

Sean O'Connor, Dandara's Project Director said:

"The Private Rental Sector (PRS) is already providing accommodation and can help deliver the homes needed by those who want to live and work in Leeds and other major UK cities. This project will create numerous local employment opportunities and we look forward to working with Interserve to deliver these 744 high quality PRS apartments in the city centre."

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For further information please contact:

   Interserve Press Office        Tel: [phone] Email: [e-mail] 

Karen Lewis or Peter Haddock, Edson Evers

Tel: [phone]

About Interserve

Interserve is one of the world's foremost support services and construction companies. Our vision is to redefine the future for people and places. Everything we do is shaped by our core values. We are a successful, growing, international business: a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. We are headquartered in the UK and listed in the FTSE. We have gross revenues of GBP3.7 billion and a workforce of circa 80,000 people worldwide.

www.interserve.com

For all news follow: @interservenews

About Dandara

Established in 1988, Dandara specialises in the design and construction of innovative private rental, open market residential and high-end commercial properties, and has received more than 90 industry awards.

Over the last 28 years the Dandara Group has become one of the UK's leading independent property development companies, delivering a fully integrated design and build service across the UK, from its headquarters on the Isle of Man, and offices across the UK and Channel Islands.

The Group currently has a wide range of projects under development including niche housing in conservation areas, large-scale, mixed-use regeneration schemes, warehouse, industrial and Grade A offices. Dandara has completed more than 11,000 homes and has a development pipeline across the major cities of mainland UK of over 2.0 million ft(2) .

This information is provided by RNS

The company news service from the London Stock Exchange

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October 09, 2017 02:00 ET (06:00 GMT)