Re Joint Venture

RNS Number : 1317K

Galliford Try PLC

14 April 2010

 



GALLIFORD TRY TO DEVELOP 296 HOMES IN JOINT VENTURE

WITH AFFINITY SUTTON GROUP

Galliford Try, the housebuilding and construction group, announces that it has entered into agreements with leading affordable housing provider, the Affinity Sutton Group, to acquire and develop two sites for a total of 296 homes in the south east of England.

185 new homes will be provided by the regeneration of the Wilmington Estate in Haywards Heath, West Sussex.  114 homes for sale together with 71 affordable homes for social rent will be provided through a mixture of houses and apartments. 

The regeneration of the Ramsden Estate in Orpington, Kent, will see 111 new homes provided, 53 for private sale and 58 affordable homes.

Greg Fitzgerald, Chief Executive of Galliford Try, commented:

"We are delighted to build on our strong relationship with the Affinity Sutton Group to carry out these two significant developments.  We are already working with Affinity Sutton on the long term development of the 800 homes net carbon neutral scheme at Graylingwell Park in Chichester in partnership with the Homes and Communities Agency.  The agreement now entered into underlines Galliford Try's commitment to partnering with leading registered social landlords to deliver both affordable housing stock and private homes for sale."

For further information contact:

Galliford Try                               Greg Fitzgerald, Chief Executive 01895 855001

                                                Frank Nelson, Finance Director

Tulchan Communications            Mal Patel, Lucy Legh, Peter Hewer          020 7353 4200

 

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