Andrew Charlesworth, an Equion executive who has been appointed as general manager of Regenter, said today: “With a strong combined track record, we will deliver first class, innovative urban renewal and regeneration projects and the related management and support services.  The long term benefit that we will provide will be driven through our development of new opportunities within the neighbourhoods in which we invest.”

Perry Lloyd, director of UK PIM, said: “As partners we have both unique and complementary skills.  Equion brings expertise and experience in active investment, bid management, financing and equity provision in long-term PPP and PFI accommodation projects. UK PIM, through its associate Pinnacle PSG, is the leading provider of neighbourhood management for social housing across the UK, delivering services to more than 150,000 homes.”

In the wider market of urban regeneration, Equion, a division of John Laing plc, has almost unparalleled experience in the elements that form the foundations of regeneration; hospitals, primary care facilities, schools, police stations.

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Notes to Editors

• For interviews and further enquiries please contact Christine Jones on Tel: 020 7901 3200.
• Preferred Bidder status on the Canning Town and Bentilee projects was granted to Equion and Pinnacle PSG before the formalisation of the joint venture. The projects continue to plan under Regenter Ltd.
• Equion is a specialist provider of facilities in the PFI and PPP markets with a long-term perspective and approach from planning and funding through to design, construction and operation. It is actively involved in the management of a wide range of police, education, health, defence and special purpose government facilities.
• UK PIM is an investment company formed by the majority shareholders of Pinnacle PSG to invest in social housing and key worker opportunities arising from Pinnacle’s strong ties in this sector.
• Pinnacle PSG (Property Services Group) is the UK’s leading provider of neighbourhood management and related services to Local Authorities and Housing Associations.
• Equion and its parent company John Laing plc won the Infrastructure Journal Developer of the Year Award in February 2004. www.equion.plc.uk