Source - RNS
RNS Number : 4703I
Styles & Wood Group PLC
31 August 2016
 

 

31 August 2016

STYLES & WOOD GROUP PLC

("Styles&Wood" or the "Group")

STYLES & WOOD GROUP APPOINTED TO NATIONAL FRAMEWORK

 

Styles & Wood Group plc, the integrated property services and project delivery specialist, is pleased to announce that it has been appointed as one of four strategic partners by one of the world's largest banking and financial services organisations (the "Client") for the delivery of its UK Capital Plan for over the next five years.

 

The Group's appointment to the associated framework is expected to deliver revenues in excess of £100m evenly spread over the term of the contract.  The Client has consolidated its real estate work streams including:  data centres, critical facilities, office and retail interests.  Styles&Wood anticipates playing an active role in delivering projects and programmes across its comprehensive property portfolio.

 

The framework partners will work closely with the Client to support the enhancement of its brand and shareholder values through the development of spaces that deliver best-in-class experiences for both external and internal customers.

 

Mobilisation and induction is planned to commence in August 2016 with delivery in place by November 2016.

 

Tony Lenehan, CEO of Styles & Wood Group plc, said:

 

"We are delighted to have been selected as a delivery partner on this five year framework, which provides further evidence of the strength of our business model, broadening customer base and diversification strategy. As new technologies and practices continue to drive fundamental changes within the banking and finance sector, our unique skill set, experience and technical capabilities leave us well positioned to provide the specialist services required by major financial institutions."

 

 

Enquiries:

Styles & Wood Group plc                

Tony Lenehan, Chief Executive Officer

Philip Lanigan, Group Finance Director

 

Tel 0161 926 6000

Shore Capital                                   

Edward Mansfield/Mark Percy

 

Tel 0207 408 4090

FTI Consulting                          

Oliver Winters/James Styles

 

Tel 0203 727 1000

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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