Update re acquisition of contracts from Connaught


 

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RNS Number : 4265T 
Morgan Sindall Group PLC 
28 September 2010 
 

 
28 September 2010 
 
  Update regarding the acquisition of social housing contracts from Connaught 
 
Further to the announcement made on 10 September regarding the acquisition by 
Lovell Partnerships, the Affordable Housing division of Morgan Sindall Group plc 
("Morgan Sindall"), of the related assets associated with the majority of 
contracts of the social housing division of Connaught plc, Morgan Sindall today 
provides the following update. 
 
We have made good progress with clients, and are pleased to announce that 
agreements in principle have been reached with 42 local authority and housing 
association clients for the transfer of their contracts to Lovell.  Discussions 
are ongoing with a number of other clients which are yet to agree to the 
transfer of their contracts. 
 
"We are pleased to have secured so many partnerships so quickly and are 
delighted with the way clients have responded", says Lovell managing director 
Stewart Davenport. "Our prompt action has enabled us to provide customers with 
essential maintenance services with minimal disruption." 
                                      Ends 
Enquiries: 
 
Morgan Sindall Group plc                                   Tel: 020 7307 9200 
Paul Smith, Chief Executive 
David Mulligan, Finance Director 
 
Blythe Weigh Communications                           Tel: 020 7138 3204 
Tim Blythe 
Mobile: 07816 924626 
Paul Weigh                                                              Mobile: 
07989 129658 
 
 
Notes to Editors: 
Morgan Sindall Group plc is a leading UK construction and regeneration group 
operating through four divisions of fit out, construction and infrastructure, 
affordable housing and urban regeneration, and an investment unit. 
 
Lovell 
Lovell is a leading UK provider of affordable housing. The company has expertise 
in new-build, regeneration and refurbishment while its responsive and planned 
maintenance business Lovell Respond provides comprehensive maintenance and 
estates management services. With offices in England, Scotland and Wales, Lovell 
offers a unique one-stop shop of services with the ability to build homes, offer 
a full menu of tenure options and maintenance for life. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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