Volution Group plc Wins Contract for McCarthy & Stone Retirement Apartments
Volution Group plc (LSE: FAN), a leading supplier of ventilation products to the residential construction market, today announced that it has won a contract to supply its products to a major retirement accommodation project in the North West. Located in Lancaster conveniently situated only a couple of miles from the coast and nestled between Manchester and the Lake District, the retirement development will combine independent living with the peace of mind of on-site support including: 24-hour emergency call systems; first-rate facilities; and high tech security systems as standard.
Constructed by McCarthy & Stone, the largest developer of privately owned retirement property in the UK, the project will offer 54 one and two-bedroom assisted living apartments exclusively for the over 70s. Volution’s Vent-Axia division is supplying 41 Sentinel Kinetic 200ZPs ventilation units for the one-bedroom apartments and 13 larger 200Z ventilation units for the two-bedroom apartments, to help provide good indoor air quality and comfort for occupiers.
The Sentinel Kinetic Horizontal 200ZP is a pioneering mechanical ventilation with heat recovery (MVHR) system designed for new build properties. A whole house, multi-room ducted solution, this MVHR system combines supply and extract ventilation in one unit. Warm, moist air is extracted from ‘wet’ rooms through ducting and passed through the heat exchanger before being exhausted to the outside. Fresh incoming air is preheated via the integral heat exchanger which recovers more than 86% of the heat energy that would otherwise be wasted. With comfort key for occupants the system also features a ‘summer bypass’ to prevent warm air being re-introduced in summer months and an integral humidity sensor to control air humidity levels.
Ronnie George, Chief Executive of Volution Group plc said:
“McCarthy & Stone leads the way in retirement housebuilding in the UK, we are therefore thrilled to be working on another one of its residential projects and continuing our ongoing work with the company. Peace of mind, security and comfort are all major factors when it comes to retirement accommodation. Heat recovery ventilation is essential for an energy efficient and healthy living environment, reducing excessive moisture in the air, combating condensation and providing good indoor air quality and comfort for occupiers.”
McCarthy & Stone expects to launch the retirement apartments in Lancaster in early summer 2016.
Craig Breheny, Simone Selzer, Chris Buscombe
+44 (0) 20 7404 5959
Notes to Editors
Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential and commercial construction market in the UK, the Nordics, Germany and Benelux countries.
The Group sold approximately 21 million ventilation products and accessories in the twelve months ended 31 July 2015. The Volution Group operates through two divisions: the Ventilation Group and the OEM (Torin –Sifan) division. The Ventilation Group consists of 7 key brands - Vent-Axia, Manrose, Fresh, PAX, inVENTer, Brüggemann and Ventilair focused primarily on the UK, Nordic, German and Benelux ventilation markets. The Ventilation Group principally supplies ventilation products for residential and commercial ventilation applications. The OEM division (Torin-Sifan), supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe.
For more information, please go to: http://www.volutiongroupplc.com/
Cautionary statement regarding forward-looking statements
Certain statements made in this announcement may be forward-looking statements. Such statements are based on current expectations and assumptions and are subject to a number of known and unknown risks and uncertainties that may cause actual events or results to differ materially from any expected future events or results expressed or implied in these forward-looking statements. Persons receiving this announcement should not place undue reliance on forward-looking statements. Unless otherwise required by applicable law, regulation or accounting standard, the Group does not undertake to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.