Re Contract

RNS Number : 3096K

Galliford Try PLC

24 June 2014

 



GALLIFORD TRY REACHES FINANCIAL CLOSE ON 25 YEAR KENT EXTRA CARE CONTRACT WORTH £100 MILLION TO THE GROUP

Galliford Try plc, the housebuilding and construction group, announces that it has reached financial close with Kent County Council on the £100 million Excellent Homes for All scheme. Financial close follows our announcement as preferred bidder in December 2013.

The construction contract will involve the provision of seven schemes of supported housing across the county. Approximately 240 homes providing supported living for vulnerable adults across Kent, as well as communal facilities will be built by Galliford Try's Partnerships business.

In addition, Galliford Try will invest in the funding for the project and will provide ongoing facilities maintenance and lifecycle management services in operating the scheme.

Housing Management services for the project will be provided by Galliford Try's partner, the West Kent Housing Association.

Galliford Try Chief Executive Greg Fitzgerald commented: "We are delighted to have reached agreement with our partners at Kent County Council on this initiative and are now able to get the project underway. Extra Care remains an important sector for Galliford Try and we look forward to providing the high quality homes and facilities that Kent's residents deserve."

For further enquiries:

Galliford Try -                 Greg Fitzgerald, Chief Executive              01895 855001

Graham Prothero, Finance Director

Notes to Editors

Galliford Try plc is a leading UK housebuilding and construction group. It is listed on the London Stock Exchange and a member of the FTSE 250. The housebuilding business - through its Linden Homes and Galliford Try Partnerships brands - sells distinctive homes to the public and affordable homes to housing associations and local authority providers.  The construction business carries out building and infrastructure work across the UK with clients ranging from major Government departments through to regulated utilities and private sector companies. At the end of the last financial year to 30 June 2013, the Group generated revenues of £1.5 billion.

 

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