Morgan Sindall's £64m GLA deal
Tuesday 16 April 2013
The construction group Morgan Sindall has signed contracts with the Greater London Authority for a £63.3m affordable housing scheme at Lymington Fields in the Chadwell Heath area of Dagenham.
The scheme on the site of the old Barking Technical College is one of the first to be released by London Mayor Boris Johnson to unlock development on public sector-owned land.
It looks very much as though 2015 will be a good year for the world economy, after all – and, if it is, that will be thanks to the fall in the oil price. It won't be good for everyone and we have already seen the pressure it puts on the Russian leadership – though, before you conclude that sometimes there is natural justice in the world, remember that the people who are hurt are not leaders such as Vladimir Putin. Other oil- and gas-exporting countries are damaged, too, and I think we will see further fallout in unpredictable ways. But the net impact is strongly positive, more so than most commentators at present acknowledge. The winners far outnumber the losers.
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