Re Contract

RNS Number : 0018A

Galliford Try PLC

26 March 2012

 



GALLIFORD TRY WINS £49 MILLION IN COMMERCIAL BUILDING CONTRACTS

Galliford Try plc, the housebuilding and construction group, has announced the award of three new contracts in the commercial building sector worth £49.4 million.

First, in the central London office sector Galliford Try has been selected by Green Property (UK) Ltd for a £27 million project to create 100,000 sq ft of Category A office space in the St James's Park area. In addition, Royal London Mutual Insurance have instructed Galliford Try to refurbish and extend 6,500 sq m of office space at 1A Wimpole Street in a contract worth £8.9 million.

In the Midlands, Galliford Try have also been engaged by Aviva Investors and Citycourt Estates to construct the new Warwickshire Shopping Park at Binley near Coventry. The £13.5 million retail park is expected to complete in January 2013 and will feature 24 retail units and community spaces, with Marks & Spencer, Boots and Asda already committed to the project.

Galliford Try Chief Executive Greg Fitzgerald said:

"We are delighted to have won such significant contracts in the commercial sector. The London office sector remains an important market for us, while the Warwickshire Shopping Park is yet another landmark project for Galliford Try in the Midlands region."

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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