Re Contract

RNS Number : 4512M

Galliford Try PLC

25 May 2010

 



GALLIFORD TRY CONSORTIUM REACHES FINANCIAL CLOSE ON

CAMBRIDGESHIRE BSF PROGRAMME

Galliford Try plc, the housebuilding and construction group has reached financial close as a construction partner of the Equitix consortium, which is undertaking the Cambridgeshire Building Schools for the Future (BSF) programme.

Following financial close, Galliford Try will now undertake the £26 million redevelopment of Neale-Wade Community College in March, Cambridgeshire. It is anticipated the second phase of the programme, which includes the £19 million Cromwell Community College in Chatteris, Cambridgeshire, will follow.

Galliford Try will undertake 40% of Equitix's construction work in the first phase of the BSF programme with the potential to undertake additional construction work in subsequent phases, which could reach £600 million over the next 15-20 years

Galliford Try Chief Executive Greg Fitzgerald commented: "We are delighted to reach financial close as a construction partner on this significant education project which underlines our strong market position in the sector."

For further enquiries:

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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