Date published: 16/10/2010
The Miller Group is pleased to announce that it has been awarded management contracts with a combined residential development value of £120m.
The majority of value will be generated from nine former Thomas Mitchell Homes’ sites in Scotland. The sites will be re-branded and fully integrated as part of the Miller Homes business and developed over a four year period. The contract was awarded after a competitive process managed by KPMG.
The Thomas Mitchell Homes’ management contract is a follow-on to The Rock, Bury, which Miller was awarded in June. This involves the management and sale of a 113 unit residential development, which is part of a wider mixed use scheme.
Keith Miller, CEO of Miller Group said: “We were approached by KPMG (the administrators of Thomas Mitchell) earlier this year and went through a competitive bidding process. Our experience, operational ability and track record have contributed to The Miller Group winning this management contract. We hope that the expertise which we have developed in this field will lead to further similar opportunities in the future. Thomas Mitchell provides high quality homes and will become an important part of the Miller Homes’ portfolio, reinforcing our position as a major housebuilder in Scotland. The landbank associated with this contract consists of 601 plots with detailed planning.”
Joint Administrator, Blair Nimmo, said “We are delighted to have concluded this contract with The Miller Group which will facilitate the build-out of the nine sites which have been mothballed since our appointment”.
Miller Group released their Interim Results on Thursday 9 September.
Notes to Editors:
Thomas Mitchell Homes:
Thomas Mitchell Group can be traced back to 1958, initially trading as building and public works contractors from premises in Kirkcaldy, Fife. Thomas Mitchell Homes has an excellent track record in designing and developing quality homes with outstanding finishes throughout the UK. The sites included in the contract with Miller are located in central Scotland, mainly in Fife, and are:
• East Kilbride
The Miller Group:
The Miller Group is the UK's largest privately owned Housebuilding, Property Development and Construction Business. Based in Edinburgh with operations throughout the UK, the Group is well diversified, with three core businesses Homes, Developments and Construction.
The Miller Group Ltd
0870 336 5028
The Miller Group
0870 336 5141
Rob Ballantyne/Shan Shan Willenbrock
020 793 0777
Name: Adele Joyce
Phone: 0870 336 5141