Mitie to redecorate London borough

Mitie, the FTSE 250 outsourcing company, has been awarded a 30m pound contract to redecorate homes across Hammersmith and Fulham borough in London.

The firm's painting business will deliver a borough-wide maintenance programme over three years at £10m per annum.

The works, which begin in March 2013, include external and communal decorative repairs and redecorations for over 7,500 council-owned homes.

The contract covers maintenance of the external fabric and fixtures of the buildings, such as windows, doors, roofs, walkways, external walls and cladding.

Works to communal areas also include the testing and repair or replacement of electrical installations.

Mitie said residents would benefit from a well-maintained and refreshed environment in which to live, work and play.

The company added that it would work with the council to create local employment opportunities, including hiring up to 10 apprentices and two resident liaison officers.

The firm's shares were up 1.2% to 274.7 shortly after the announcement.