Lovell strengthens Morgan Sindall’s results

Feb. 28, 2020
<p><span>Lovell has bolstered parent company Morgan Sindall’s year end results, seeing a 50% increase in operating profit against 2018, it said.</span></p> <p><span>During the year ending December 31 2019, Lovell, the partnership housing specialist, built more than 2,400 mixed tenure homes across the country, achieving a combined regeneration secured order book of £1.1 billion as a result of increased investment “during a period of sustained growth”.</span></p> <p><span>Key projects across Lovell’s eight regions include a £100 million urban village in Cardiff of 800 houses and apartments, in partnership with the Tirion Group and Cadwyn Housing Association. At King’s Lynn, Lovell will construct 273 homes as part of a large scale scheme with the Borough council of King’s Lynn and West Norfolk.</span></p> <p><span>Construction and regeneration group Morgan Sindall saw adjusted profit before tax climb 11% to £90.4 million against 2018. Revenue grew 3% to £3.071 billion.</span></p> <p><span>Lovell’s md Steve Coleby said: “In 2020, Lovell will be celebrating the 50th anniversary of its first partnership development, a major milestone in our history. Our commitment to working with partners with a shared goal to build great places to live – a place where families can grow and communities can thrive - is as relevant today …

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