The three new-build contracts comprise Kingswood College of Arts, Oakfield Special Needs School and Andrew Marvell Business and Enterprise College. Work on all three projects is scheduled to complete by January 2013.
In March 2010, Morgan Sindall was awarded the first two new-build contracts, worth £71m, from this programme. Work on these schools is set to be completed this summer in time for the start of the new school year.
The contracts follow the Hull Esteem Consortium, a partnership consisting of Morgan Sindall Investments (MSIL), Robertson Capital Projects and Hull-based Sewell Group, reaching financial close on this latest phase of the BSF programme.
MSIL will invest equity and sub debt of £2.5m into the second phase of schools, taking its investment so far in the Hull BSF programme to £5m.
“Morgan Sindall has a leading position in the education sector and a growing reputation for exceptional project delivery,” claimed Morgan Sindall Group chief executive Paul Smith.
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