Morgan Sindall Group Regulatory News (MGNS)

18 November 2019

Morgan Sindall Group plc

Appointment as development manager to c£650m Slough scheme

Morgan Sindall Group plc (the 'Group'), the UK construction and regeneration group, announces that its urban regeneration division has been appointed as development manager for the North West Quadrant development in Slough, with an estimated gross development value of c.£650m. 

The North West Quadrant development is part of the Slough Urban Renewal scheme, an existing joint venture regeneration partnership between Slough Borough Council and the Group's Investments division and is expected to bring forward plans to provide 1,400 new homes across a range of tenures, more than 250,000 sq ft of commercial space, 45,000 sq ft of ancillary leisure and retail, alongside 150,000 sq ft of cultural facilities and extensive public realm. Slough's town centre redevelopment is one of the UK's largest programmes of regeneration.

 John Morgan, Chief Executive of Morgan Sindall Group plc, said:

"We are delighted to have been appointed to develop the North West Quadrant, a further milestone in the Group's close partnership with Slough Borough Council. We have a strong track record working in partnership with Local Authorities to deliver large-scale, complex regeneration schemes."

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Morgan Sindall Group

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of c£3bn, employing around 6,600 employees and operating in the public, regulated and private sectors. It operates through six divisions of Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration and Investments.