Re Contract

RNS Number : 2081J

Galliford Try PLC

28 June 2011

 



GALLIFORD TRY SECURES £40 MILLION CARE CONTRACTS

Galliford Try, the housebuilding and construction group, has announced two significant contract developments worth £40 million in the healthcare sector.

Firstly, the company has secured a £29 million contract to build the Hagley Road retirement village in Birmingham for the ExtraCare Charitable Trust.  The scheme comprises a total of 240 mixed tenure units for the over 55s together with community facilities, including a village centre with gym, restaurant, library, shops and an indoor bowling green, as well as care facilities for the elderly.

The project will commence on site in October 2011, and is set for completion in September 2013. This is the fourth retirement village that Galliford Try has delivered for ExtraCare following the successful developments at Lichfield, Nottingham and Erdington.

Galliford Try has also reached financial close on the next stage of the South East Essex LIFT (Local Improvement Finance Trust) programme with two new schemes in Westcliff at Valkyrie Road (£5 million) and North Road (£5.3 million) for the South East Essex Primary Care Trust.

Galliford Try Chief Executive Greg Fitzgerald commented:

"We are delighted to secure the Hagley Road contract and continue our relationship with ExtraCare. This award is testament to our proven track record in delivering not only high-quality residential schemes but also the community facilities that make these self-contained developments a real success.

Similarly, we are pleased to be able to maintain our work with the South East Essex Lift, and look forward to building on our reputation for providing first-class health facilities throughout the country."

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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