Re Contract

RNS Number : 0952J

Galliford Try PLC

27 June 2011

 



GALLIFORD TRY SECURES £73 MILLION IN LONDON AND SCOTLAND

Galliford Try plc, the housebuilding and construction group, announces that it has secured two contracts totalling £73 million.

£50 MILLION SHETLAND GAS PROJECT

Galliford Try's Scottish construction business, Morrison Construction, has been awarded a circa £50 million contract by lead contractor Petrofac as part of the construction of a new £500 million onshore gas plant for Total E & P UK Ltd and DONG E&P (UK) Ltd in the Shetland Islands.

The works will be carried out on land adjacent to Sullom Voe terminal.  They will comprise the construction of access roads, plant, foundations, underground drainage structures, buildings, and hard landscaping.

Work starts in July this year and is due for completion in October 2013.

Greg Fitzgerald, Chief Executive of Galliford Try, said:

"We are delighted to have been awarded this important contract with Petrofac, a new client for Galliford Try.  We have a leading presence in the Scottish construction market and this project draws on the wide range of building and civil engineering skills we can deliver for our clients."

£23 MILLION LONDON RESIDENTIAL CONTRACT

Galliford Try has been awarded the £23 million contract to build Henry Moore Court, a prestigious residential development in west London, by developers Athos (Manresa Road) Ltd, a joint venture between the Athos Group and the Carlyle Group.

The new development, being built on the site of the former Chelsea College of Art on Manresa Road, features two luxury houses, 15 luxury apartments and eight affordable houses. Work is expected to commence on site in July 2011, with the development anticipated to be completed in December 2012.

Galliford Try Chief Executive Greg Fitzgerald commented:

"We are delighted to secure this project which is testament to our track record in producing prestige residential developments."

For further enquiries:

Greg Fitzgerald, Chief Executive                          01895 855001

Frank Nelson, Finance Director

Louise Mantio, Group Communications Director

Note to Editors

Galliford Try has annual revenues of £1.25 billion in housebuilding and construction.

The Group's construction order book is now £1.8 billion.  £650 million is in building (covering health and education projects through to commercial buildings and sports facilities), £950 million in infrastructure projects (ranging from water, rail, highways and flood alleviation to renewable energy and land remediation) and £200 million in affordable housing contracting.

Galliford Try was recently awarded the £790 million Forth Road Crossing project in a four party consortium, £200 million of work for United Utilities on the Liverpool waste water treatment works and in joint venture with Home Group, was appointed preferred bidder on the £347 million Gateshead regeneration programme.

The Group's housebuilding business, Linden Homes, develops distinctive homes across the south and east of England.  It completed 1,700 homes in its last financial year, has a landbank of over 10,000 plots and is currently undertaking a significant programme of growth.

 

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