Morgan Sindall Group Regulatory News (MGNS)

30 Sep 2005 07:01

Morgan Sindall PLC30 September 2005 Morgan Sindall plc ("Morgan Sindall" or the "Company") Morgan Sindall JV financially closes Doncaster NHS LIFT Morgan Sindall announces that as part of Community Solutions for Primary Care(Holdings) Limited ("CSPC"), a joint venture between Morgan Sindall Investments,Apollo Medical Partners and Barclays European Infrastructure Fund, it hasachieved financial close on the Doncaster NHS LIFT (Local Improvement FinanceTrust) project. Together with Doncaster's three Primary Care Trusts ("PCTs"), DoncasterMetropolitan Borough Council ("DMBC") and Partnerships for Health, CSPC hasformed a public private partnership company called Doncaster Community Solutions(LIFTCo) Limited ("DCS"). DCS has signed a 20 year strategic partneringagreement to build and maintain a network of new health and social care premisesin the Doncaster area. Morgan Sindall's construction business, Bluestone, has signed a frameworkagreement with DCS and will design and build new health and social care premisesacross Doncaster. Construction on the first wave of three buildings in Thorne,Denaby and Sandringham Road is due to start in October 2005, the first of whichis expected to open in Autumn 2006. The anticipated value of construction worksis approximately £50 million over the initial five year period. CSPC currently has similar long-term partnering agreements with three NHS LIFTschemes in Barnsley, South East Hampshire and Camden and Islington. Paul Smith, Group Chief Executive, said: "This is another notable achievement, being the fourth NHS LIFT frameworkagreement we have secured in the last two years. With the next wave of NHS LIFT schemes recently announced, we look forward tocontinuing our activity in this sector." 30 September 2005 Enquiries: Morgan Sindall plc Tel: 020 7307 9200Paul Smith, Chief Executive College Hill Tel: 020 7457 2020Matthew SmallwoodAlex Walters This information is provided by RNS The company news service from the London Stock Exchange