Styles & Wood Group PLC Contract Win (5007E)

TIDMSTY

RNS Number : 5007E

Styles & Wood Group PLC

12 February 2018

Styles & Wood Group plc

Contract Win

Styles & Wood Group plc ("Styles & Wood" or the "Group"), the integrated property services and project delivery specialist, is pleased to announce that it has been awarded a contract to deliver the fit out and refurbishment of the iconic India Buildings in Liverpool on behalf of its client Shelborn Asset Management.

The works will consist of a Category A fit out, which involves major refurbishment to the Grade II listed building including the provision of office space, remedial works and major external repairs to ensure it is viable as fully working building. When complete, the building will be leased back to HMRC for use as a 'supercentre'.

Styles & Wood was successful following a two-stage tender process and management believe that the contract, which will span a 72 week period, should contribute approximately GBP38.25 million of revenue over the duration of its life.

Tony Lenehan, Chief Executive of Styles & Wood, commented:

"We are delighted to have won the contract to deliver this major refurbishment and fit out project for Shelborn Asset Management and are confident that we can contribute to the creation of an exciting state of the art workplace environment for HMRC. India Buildings is one of the most iconic buildings in the North West and will provide an important contribution to the Government's National Hubs Programme. It is testament to our unique skills and capabilities in that we are able to support this national programme at a strategic level."

ENDS

Enquiries:

 
 Styles & Wood Group plc                        Tel 0161 926 
  Tony Lenehan, Chief Executive Officer          6000 
  Philip Lanigan, Group Finance Officer 
 Shore Capital (Nominated Adviser and Broker    Tel 020 7408 
  to Styles & Wood)                              4090 
  Edward Mansfield / Mark Percy 
 FTI Consulting (PR Adviser to Styles & Wood)   Tel 020 3727 
  James Styles / Georgina Goodhew                1000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 12, 2018 02:00 ET (07:00 GMT)

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