Lovell buys Connaught contracts

Lovell, the Staffordshire-based affordable housing arm of the Morgan Sindall group, has bought the majority of Connaught Partnerships' contracts and related assets. The deal was made after Connaught announced that it had fallen into administration. It is understood that the contracts were sold for £28m, and approximately 2,500 employees will transfer to Lovell as part of the deal.