Carillion Plc Regulatory News (CLLN)

22 May 2013

Carillion selected as the preferred bidder for £400 million Phase 1 of Battersea Power Station

Carillion has been selected to deliver the £400 million first phase of redevelopment at Battersea Power Station.

The project is a mixed-use development comprising 866 apartments, including 11 penthouses, together with retail facilities, theatre space and business studios, in two blocks built on a podium with two levels of basement parking. The redevelopment project will be located within the area bounded by Battersea Power Station to the East, the main railway serving Victoria Station to the West and the river Thames to the North. The main block will vary in height from 8 storeys at its southern end, rising to 18 storeys and then reducing to 12 storeys at its northern end. The second block will be 8 storeys high. Extensive hard and soft landscaping is included as part of the Phase 1 works.

This project forms part of the overall strategy to create a high-density, mixed-use development around the restored former Grade II* Power Station. Main construction works for Phase 1 will start in the summer of 2013 and are scheduled for completion in 2016. The Battersea Power Station development site is owned by a Malaysian consortium of S P Setia, Sime Darby Property and Employees' Provident Fund. The development is being managed by British firm Battersea Power Station Development Company.

Carillion Chief Executive, Richard Howson, said: "We are delighted to have been selected as the preferred bidder for this prestigious project, which I believe reflects Carillion's reputation for delivering high-quality, value for money projects. We look forward to working in partnership with the Battersea Power Station Development Company to deliver this iconic project that will make a major contribution to the transformation of this historic site.

"This takes the total value of new orders and probable orders for Carillion in 2013 to some £2.6 billion and demonstrates the benefits of our strategy in construction services of focusing on national projects."

Chief Executive of Battersea Power Station Development Company, Rob Tincknell, said: "This will be one of the largest construction contracts to be awarded in recent history and, on behalf of the Battersea Power Station shareholders, we are delighted it will go to an award-winning British firm.

"The first phase of any redevelopment is an important statement of the qualities that will govern the entire project and for that reason we took a lot of time selecting the contractor. After a great deal of consideration, we believe Carillion is best placed to deliver the ambition, precision and rigour that people rightly expect from a scheme which will flank a building as famous and distinguished as Battersea Power Station.

Battersea Power Station is the last central London regeneration project of its sort and over the course of the redevelopment it will generate 15,000 new jobs, 3,500 new homes and the restoration of the historic Power Station."

For more information

John Denning, Director Group Corporate Affairs, Carillion plc + 44 (0) 1902 316426

Finsbury

James Murgatroyd or Gordon Simpson + 44 (0) 207 2513801

For Battersea Power Station enquiries:

Alison Dykes

Head of Communications, Battersea Power Station Development +44 (0) 201501 0688

Brunswick Group

Tim Danaher or Andrew Porter +44 (0) 207 4045959

bps@brunswickgroup.com

Notes to Editors

Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities. The Group had annual revenue in 2012 of some £4.4 billion, employs around 40,000 people and operates across the UK, in the Middle East and Canada. 

The Group has four business segments:

Support services - this includes facilities management, facilities services, energy services, utility services, road

maintenance, rail services and consultancy services.

Public Private Partnership (PPP) projects - this includes investing activities in PPP projects for Government buildings and infrastructure, mainly in the Defence, Health, Education, Transport and Secure accommodation sectors.

Middle East construction services - this includes building and civil engineering activities in the Middle East.

Construction services(excluding the Middle East) - this includes building, civil engineering and developments activities in the UK and construction activities in Canada.

This and other Carillion news releases can be found at www.carillionplc.com