Multiplex Constructions (UK) Ltd

Multiplex Constructions has committed to deliver a new Wembley National Stadium of which fans can be truly proud. It has secured the 445 million Design and Construction contract to build the new Wembley stadium.

John Roberts AO, Chairman of the Multiplex Group, has played an active role in the Wembley project. He says: "Multiplex has proven credentials in delivering some of the most complex and stunning developments on skylines the world over - with no more visible an example than Stadium Australia, which hosted the Sydney 2000 Olympics.

"We have a record of successfully delivering technically challenging and high quality major projects. We pride ourselves on this record of innovation and added value for our clients. Multiplex will bring all of these qualities to the challenging production of a new national stadium at Wembley. Congratulations to the Football Association and the Wembley National Stadium team, now we can look forward and get on with the job of building the worlds best stadium."

Multiplex is responsible for overall project design and construction, but has also led, in partnership with the Wembley team, the overall financing and commercial structuring of the extremely complex deal that has now reached its Financial Close.

Multiplex has procured the bank debt and the credit enhancement required to underpin it. It has delivered the completion support required by its client and the banks (including the Chubb performance bond and an innovative suite of project insurances), while also assisting in the resolution of critical commercial arrangements with the main participants involved in the deal.

John Corcoran, the Multiplex Director responsible for the Wembley project, commented: "Multiplex is extremely proud of the wider capabilities it can bring to designing and constructing complex projects internationally - highlighted by our lead role in arranging the financing and commercial structure for the Wembley National Stadium project. We like to think that this capability is a key differentiating factor for our business and Wembley is a major platform for our ongoing success in the UK."

Adam Crozier, Chief Executive of the Football Association, said: "I cannot praise Multiplex enough for its guidance, expertise and total commitment. Multiplex has been a valued partner in this project and its contribution has been key in helping us reach financial closure, which now allows us to get on with realising the dream of a new home for football."

Current UK projects include the most expensive residential development in London - Knightsbridge Green - and the Eastern Tower at West India Quay. Multiplex is also responsible for Sentinel Point, a luxury office development in Vauxhall; Chelsea Football Clubs new West Stand and a state of the art Sports and Leisure Club for Chelsea Village plc.