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Interserve secures £200m in new contracts

Interserve has secured £200 million of new contracts with two facilities management wins in the UK and two construction projects in Dubai.

Interserve has been named preferred bidder to deliver a total facilities management contract for 10 years for Ealing Council worth £5 million a year.
Interserve has also won a contract on behalf of Leeds Partnerships NHS Foundation Trust through Equitix which, in a Private Finance Initiative project, owns and operates seven sites in Leeds providing a range of mental health services.
Interserve will employ an additional 150 staff to supply and manage a number of services worth in excess £50 million over a 19-year period.
The Middle East construction projects have been awarded to Khansaheb Civil Engineering, in which Interserve has a 45 per cent stake.
The first job will see a £50 million four-storey extension added to the Mall of the Emirates, held to be the third-largest shopping mall in the world when it opened in 2005.
Meanwhile a multi-purpose hall being constructed for the Government Engineer’s Office will feature an enormous clear span 120 metres square.
Together with associated car parks, roads, loading bays, external works and landscaping the project has a value of approximately £50 million.
Interserve chief executive Adrian Ringrose said: “These wins demonstrate that there are good opportunities in our markets, both in the UK and the Middle East.
“The sectors we are focused on are resilient and we are reaping the benefits of our strategy of developing long-term client relationships.”
Interserve also revealed a 16 per cent in 2008 pre-tax profit to £85.2 million today.

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