17th Mar 2015 13:05
LONDON (Alliance News) - Kier Group PLC and Morgan Sindall Group PLC Tuesday both said they have been named on all three lots under the Southern Construction Framework that involves construction work for public bodies, while Kier also said it has won two contracts worth GBP130 million at the King's Cross development in north London.
Kier, the FTSE 250-listed construction and property group, said it has been selected for all three lots on the Southern Construction Framework, a four-year framework with an expected value of more than GBP2 billion.
The framework brings together three existing schemes, comprising Construction Framework South West, the iESE framework for the south east and a new framework for London serving the construction requirements of public bodies, Kier said. It said the framework will "encompass a pipeline of multiple contracts valued at GBP1 million upwards".
In a later statement, Morgan Sindall said it has also been appointed to the framework.
"We are delighted to be part of the UK's largest regional construction framework, building on our success with the North West Construction Hub. Our regional structure leverages our national buying power whilst supporting SMEs and local investment," said Kier Chief Executive Haydn Mursell.
"Our appointment on the Southern Construction Framework is a key development for Morgan Sindall, as our construction and infrastructure division continues to deliver high-quality and exciting projects. We are pleased to have secured a place on the framework, and look forward to positively impacting local communities and public bodies across the South of England as a procurement partner," said Morgan Sindall Chief Executive John Morgan.
In addition, Kier has expanded its work pipeline for the Argent development at King's Cross after being appointed preferred bidder on two contracts worth a total of GBP130 million.
The company has been named preferred bidder on both the R7 and R8 mixed-use developments. Both schemes are set to start in 2016.
"We are also delighted to be awarded two new contracts at King's Cross with Argent. Across this development, Kier is demonstrating its broad range of capabilities and we are proud to be part of the team revitalising this exciting area of London," Kier's Mursell added.
Shares in Kier were down 0.1% to 1,668.00 pence and shares in Morgan Sindall were up 0.6% to 0.84 pence Thursday..9% to 762.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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