For release at 0700 hours Tuesday 17 March 2015
KIER GROUP PLC
Kier secures position on significant regional framework and wins £130m of new London contracts
Kier Group plc ("Kier"), the integrated property, residential, construction and services group, announces that it has been selected for all of the three lots under the Southern Construction Framework, one of the largest regional construction frameworks in the UK. The four-year framework, with an expected value of more than £2bn, will encompass a pipeline of multiple contracts valued at £1m upwards.
The Southern Construction Framework brings together three existing frameworks; Construction Framework South West (CFSW), the iESE framework (SE) and a new framework for London serving the construction needs of public bodies.
In addition, the Group has expanded its presence at the Argent development at King's Cross, London having been appointed preferred bidder on two contracts valued at £130m; R7 is a 150,000 sq ft development comprising offices and retail space and R8 is a circa 200,000 sq ft residential and office development with private and affordable housing together with retail space. Both schemes will commence in 2016.
Commenting on the awards, Haydn Mursell, chief executive of Kier said: "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."
"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."
-ENDS-
Contacts:
Faeth Birch/Daniela Fleischmann (Finsbury): +44 (0) 20 7251 3801
Kier press office: +44 (0) 1767 355 903 / +44 (0) 7791 719452
