Morgan Ashley Care Developments Information

At the end of 2017 Ashley House plc and Morgan Sindall Investments Limited (MSIL) launched a 50:50 joint venture Morgan Ashley Care Developments LLP, trading as ‘Morgan Ashley’, to develop extra care and supported living housing. Morgan Ashley has been set up to respond to the undersupply of purpose built extra care and supported living for elderly and vulnerable people. The new business will work with Ashley House and MSIL’s existing partners to deliver a significant number of projects across the country. Ashley House plc is a leading Housing and Health Property Partner delivering cost effective solutions through enduring partnerships and proven expertise. Morgan Sindall Investments Limited (‘MSIL’) is a wholly owned subsidiary of Morgan Sindall Group plc, the construction and regeneration group. Antony Walters, Chief Executive of Ashley House plc commented: “We are delighted to be working with Morgan Sindall Investments Limited through our partnership, Morgan Ashley. This is a strategically important joint venture to provide the scale and financial strength Ashley House requires to take advantage of our market leading position in this key and growing market.” Lisa Scenna, Managing Director of Morgan Sindall Investments Limited commented: “The joint venture with Ashley House is a key step in our focus to grow our business in the increasingly important and active extra care sector and we are excited to have in Ashley House an experienced developer as our partner. Together we can grow the pipeline to deliver much needed housing for elderly people.”