LIFT Update

3 Apr 2008 07:00

Ashley House PLC03 April 2008 LIFT Update Ashley House plc ('AH' or the 'Company'), the primary care infrastructurespecialist, announces that Financial Close has been reached on the first 3schemes arising from its work on Babcock and Brown's NHS LIFT Programme. The 3projects which have a total construction value of c. £6.3m are all NeighbourhoodResource Centres for Brent Harrow Hillingdon LIFTCo working on behalf of HarrowCouncil utilising PFI credits issued by the Department of Health. Commenting on the contracts Jonathan Holmes Chief Executive said: "We aredelighted to have been able to deliver high quality value for money proposalswithin the LIFT environment. The work our contracts team has done on thesefirst LIFT schemes is highly beneficial for the delivery of the substantialpipeline of LIFT work we are progressing with our partners. We have beenparticularly pleased with the pro-active and partnering oriented approach LIFThas enabled all stakeholders to work within." A further four NHS LIFT schemes with a construction value of £23 million havereached the stage of having Ashley House's fees underwritten and are making goodprogress. Enquiries Ashley House plcBruce Walker, Finance Director01753 891189 Citigate Dewe RogersonSarah Gestetner/ Ged Brumby020 7638 9571 This information is provided by RNS The company news service from the London Stock Exchange