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Morgan Sindall named as preferred bidder for Hull BSF project

Esteem, which comprises Morgan Sindall's investments division Morgan Sindall Investments (MSIL), Robertson Capital Projects and the Sewell Group, has been chosen for the 25-year concession which involves the delivery of seven brand new schools along with major refurbishments to a further ten. Morgan Sindall's construction business Morgan Ashurst is a key delivery partner on the project alongside Sewell Construction. The value of the project to Morgan Ashurst is approximately £200 million. Construction work will begin in February 2010 and is expected to complete in January 2014. Esteem expects to reach financial close on the scheme in late January 2010.



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