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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Morgan Sindall Group Plc | LSE:MGNS | London | Ordinary Share | GB0008085614 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -35.00 | -1.53% | 2,255.00 | 2,245.00 | 2,260.00 | 2,370.00 | 2,215.00 | 2,370.00 | 308,987 | 16:35:12 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gen Contractor-nonres Bldgs | 4.12B | 117.7M | 2.4853 | 9.03 | 1.06B |
TIDMMGNS
Morgan Sindall Group PLC
14 July 2020
14 July 2020
Morgan Sindall Group plc
GBP252m forward funding deal of Lewisham Gateway scheme
Morgan Sindall Group plc, the UK construction and regeneration group, today announces that its Urban Regeneration division has agreed a GBP252m forward funding deal with Get Living PLC to deliver the second and final phase of its Lewisham Gateway scheme.
Once complete, the scheme will be operated by Get Living and provide 649 homes for rent, c.25,000 sq ft of retail space, c.15,000 sq ft of food and beverage space, a gym, 10,000 sq ft of offices and Lewisham's first major multiplex cinema which has been pre-let. Completion is anticipated in 2023.
The wider development is a joint project with the London Borough of Lewisham, the Mayor of London and Transport for London, supported by Homes England. Lewisham Gateway has already delivered 362 new homes, alongside new shops and restaurants, a public park with children's play space and access to the rivers, plus major infrastructure improvements which include the removal of the Lewisham Northern Roundabout and the implementation of a new highways system.
John Morgan, Chief Executive of Morgan Sindall Group, said:
"This deal reinforces our regeneration strategy and is testament to our expertise in this area.
"We look forward to working in partnership with Get Living to deliver a transformational scheme to the local community."
Morgan Sindall Group plc Tel: 020 7307 9200 John Morgan, Chief Executive Steve Crummett, Finance Director Instinctif Partners Tel: 020 7457 2020 Matthew Smallwood Rosie Driscoll
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
NRAFIFFDDIISLII
(END) Dow Jones Newswires
July 14, 2020 03:30 ET (07:30 GMT)
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