Thursday, Costain Group (COST.L), said it secured GBP80 Million retail contract from Standard Life Investments to construct new high quality retail led mixed-use development in Parkway, Newbury, West Berkshire.
The works are due to start on September 29 and expected to be completed in 2010. The contract is part of an extensive regeneration project for the town centre.
The deal includes demolition of existing buildings and the construction of a major mixed use retail development. Two level basement car park and new linkages between Northbrook Street and Victoria Street at ground level will be completed as part of the contract.
Commenting on the deal, Andrew Wyllie, chief executive of costain, said: "This contract is further evidence of our targeted strategy delivering important major new contracts, and we are delighted to add Standard Life Investments to our growing list of blue-chip customers."
COST.L is currently trading at 26.91 pence, up 0.41 pence or 1.55% on a volume of 96K shares.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.