Galliford Try PLC
14 August 2007
GALLIFORD TRY ACHIEVES FINANCIAL CLOSE FOR £100 MILLION
SOUTH EAST ESSEX LIFT
Galliford Try plc, the construction and house building group, today announced
that, as part of the gbprimarycare Ltd consortium with Assura Property, it has
achieved financial close on a 25 year framework partnering agreement for
construction services with South East Essex LIFT.
The first tranche of the long term framework is estimated to be worth £26
million with the potential to fund and develop up to £100 million of health and
social care facilities across the South East Essex region. The first project is
an £8.3 million state-of-the-art primary care centre on Canvey Island which is
due to become operational in November 2008.
Galliford Try is now delivering five LIFT schemes across the country from the
South East to the North West of England.
Greg Fitzgerald, Chief Executive of Galliford Try commented:
'The financial close of South East Essex underlines Galliford Try's commitment
to effective public private partnerships in the health and education sectors
across the UK.
As one of the leading players in this market we are delighted to be working with
Partnerships for Health and the South East Essex Primary Care Trusts together
with our consortium partners, Assura, to deliver improved health facilities in
the area.'
Enquiries to:
Greg Fitzgerald, Chief Executive Galliford Try 01895 855219
Frank Nelson, Finance Director Galliford Try 01895 855226
Dan de Belder/Ann-marie Wilkinson Bell Pottinger 020 7861 3232
Notes:
1. LIFTs (Local Improvement Finance Trusts) are the Government's vehicle for
attracting private sector finance and expertise to developing primary care
centres.
2. South East Essex LIFT is a public private partnership between South East
Essex Primary Care Trust, Partnerships for Health and the gbprimarycare
consortium.
3. The gbprimarycare consortium comprises Assura Property and Galliford Try.
This information is provided by RNS
The company news service from the London Stock Exchange
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