ISG.L Regulatory News (ISG)

ISG plc

("ISG" or the "Group")

ISG secures circa £100m Regional Construction Projects

Over the past two months, ISG's regional construction business has signed up projects with a combined value circa £100m.

The company is the sole appointee to a £22m capital build framework with Cleveland Fire Authority encompassing the construction of four new local fire stations and a new headquarters for the Fire Authority in Hartlepool.

In South Yorkshire, ISG is constructing a new 110,000 sq ft Tesco Extra store in a circa £19m town centre regeneration project in Rotherham. ISG is also delivering a new retail and leisure destination in Swindon, with the £16.5m construction contract to build the new Regent Circus outlet, which incorporates a six-screen Cineworld Cinema, a 50,000 sq ft Morrisons supermarket and eight restaurant units. In London, ISG has secured a circa £9m commercial office scheme for Amsprop Investments, extensively remodelling and fitting out the octagonal No. 5 Cheapside building, which overlooks St Paul's Cathedral.

Additionally, in Portsmouth, ISG is underway with a £16m redevelopment of the New Theatre Royal - significantly increasing capacity and providing new learning facilities for University of Portsmouth students. The influential North West Construction Hub (NWCH) public sector framework continues to generate a strong pipeline of opportunities, with ISG taking over £7m of projects in Lancashire alone, including a 'Youth Zone' centre in Burnley and an extension at Westgate Primary School in Morecambe.

David Lawther, ISG Chief Executive, said:

"Within a challenging regional construction market, we continue to target and convert high quality opportunities across the UK. Our focus on securing additional public sector framework appointments and business from repeat customers is proving successful."

3 July 2013

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