Re Contract

RNS Number : 6470Z

Galliford Try PLC

20 March 2012

 



GALLIFORD TRY SECURES NEW DEVELOPMENT CONTRACTS WORTH £56 MILLION

Galliford Try, the housebuilding and construction group, announces that its Partnerships business has been appointed to deliver projects providing in excess of £56 million of new developments in Greater London.

The business has reached financial close on a £27 million development in White City for: West London LIFT, part of the Fulcrum Infrastructure Management group of companies; Notting Hill Home Ownership; and Hammersmith & Fulham Primary Care Trust.  The development will feature a new health and social care centre, 170 mixed tenure apartments and further community facilities.

Under further contracts the Partnerships business will build three new major affordable housing developments for established housing association clients.

The first involves a 60-home mixed tenure project in the Aylesbury Estate area of South London for London and Quadrant, valued at £8.1m. The second is the St Edmunds Terrace development in North London for The Guinness Partnership, which features a mix of 64 affordable homes and private sale homes worth £10.4m in total. The third comprises the Three Colts Lane scheme in Tower Hamlets, which will see 67 mixed tenure homes provided for Peabody with a contract value of £10.7m.

Galliford Try Chief Executive Greg Fitzgerald commented:

"We are delighted at the success of our Partnerships brand in winning these significant contracts within the Greater London area.

"The track record of the business goes before it and we look forward to working with our partners to develop the high quality public buildings and affordable housing that these communities are asking for."

For further enquiries:

Galliford Try -                 Greg Fitzgerald, Chief Executive                     01895 855001

                                    Frank Nelson, Finance Director

                                    Louise Mantio, Communications Director

Notes to Editors

Galliford Try has annual revenues of £1.3 billion in housebuilding and construction.

The Group's construction order book is £1.6 billion.  £550 million is in building (covering health and education projects through to commercial buildings and sports facilities), £900 million in infrastructure projects (ranging from water, rail, highways and flood alleviation to renewable energy and land remediation) and £150 million in affordable housing contracting.

Galliford Try completed the £100 million refurbishment and rebuilding of St Pancras Chambers in London and the new Court 3 as part of its long term work with the All England Lawn Tennis Club at Wimbledon.  It has recently been appointed preferred bidder for the £80 million 'Resort World at the NEC' project for Genting UK and is building the £790 million Forth Road Crossing project in a four party consortium.

The Group's housebuilding business, Linden Homes, develops distinctive homes across the south and east of England.  It completed 2,200 homes in its last financial year, has a landbank of 10,700 plots and is currently undertaking a significant programme of growth.

 

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