Annual General Meeting Statement
Waterman Group plc, the engineering and environmental consultant, will be holding its Annual General Meeting at 10.30am today. Its Chairman, Michael Baker, will make the following statement supplementing the recent Interim Management Statement dated 24th November 2015:
“Over recent months, excellent progress has been made on several projects where Waterman is providing engineering and environmental support to clients during the early phase of the development design. It is with great pleasure that I can update you on the following commissions and prospects:
- Waterman Aspen, our specialist Highways and Transportation outsourcing business, has continued to expand over the last five months to 30 November 2015 with staff resources increasing by 12%, up 49 to 461. The recent Autumn Statement by the UK Government confirms its commitment to invest in highway and transport infrastructure. This bodes well for the continued flow of new projects.
- Waterman are designers for Capital & Counties Properties Plc (CapCo) on three of their developments which have commenced on site around Covent Garden, London. These are all mixed use retail and residential developments with a combined area of over 11,000m2. In addition to these projects, Waterman are assisting CapCo on their masterplan for the 77 acre Earls Court Development in London.
- In Australia, our offices in Melbourne and Sydney have continued to win new commissions, particularly in the healthcare market. We have been appointed to design the building services on the AUD 200m (£96m) Joan Kirner Women’s and Children’s Hospital in Sunshine which will be the third largest maternity hospital in the State of Victoria.
- In Ireland, we have been appointed for the redevelopment of the Clerys building at O’Connell Street, Dublin which is a £50m mixed use scheme for D2Private. Waterman also advised Hammerson Plc and Allianz Real Estate on their recent EUR 1.85bn (£1.34bn) acquisition of a portfolio of market-leading retail assets in Dublin from Ireland’s National Asset Management Agency (“NAMA”).”
“We have experienced continued growth in our markets during the first five months of the current financial year. The Board looks forward to announcing further progress when our half year results are issued in February 2016.”
“I would like to take this opportunity to thank all our staff and shareholders for their continued support and valued contribution during the last financial year. We are continuing to recruit and I welcome all the engineers and environmental consultants who have joined Waterman in 2015, during which period we have increased our Group headcount by 11% to 1,339.”