News

Financial Close Reached on North West Priority Schools

Morgan Sindall Investments Limited and their investment partner Equitix Limited have reached Financial Close on the North West, Priority Schools Building Programme batch. This is the third PF2 batch of schools to close and has a capital value of £110m.

The batch consists of five secondary schools and seven primary schools which will benefit 8,150 pupils across the North West. Morgan Sindall plc, sister company to Morgan Sindall Investments Limited, will be responsible for the design and construction of the schools in the programme, with Integral UK providing FM Services.

The schools that are benefiting from this programme are located in Chester, Wigan, Blackpool, Birkenhead, Runcorn, Stockport and Manchester with schools due to be handed over between April 2016 and September 2017.

Lisa Scenna, managing director at Morgan Sindall Investments comments: “Reaching Financial Close on this project is an important milestone for Morgan Sindall as well as for the 8,150 pupils who will benefit from the improved schools. We look forward to working with our consortium partners and the EFA over the coming 2 years to complete the construction of all the schools in the project.”

Nick Parker, chief operating officer, Equitix commented “Equitix are delighted to be involved with the Priority Schools Programme, providing essential educational facilities that will benefit children across the North West of England. As a long-term investor, it is important that we continue to commit to the UK’s future and by supporting the education system, we hope to enable children to learn in fit for purpose buildings and environments, setting a great foundation for future prospects.”

Media Contact
Kate Pix kate.pix@morgansindall.co.uk / 020 7092 3336