Re Contract

RNS Number : 5710H

Galliford Try PLC

01 June 2011

 



 

GALLIFORD TRY SELECTED ON £584 MILLION OF AFFORDABLE HOUSING FRAMEWORKS

 

 

Galliford Try plc, the housebuilding and construction group, has been selected as a partner on three affordable housing framework agreements totalling £584 million covering London along with the south, south eastern and eastern regions of England.

 

The first agreement is the renewed £400 million affordable housing framework agreement with housing association L&Q. The framework agreement between 10 partners covers the delivery of the majority of L&Q's development programme which involves a total of 7,000 new homes across London and the south of England.

 

The second framework, called Create, has a total value of £144 million and involves Islington & Shoreditch Housing Association, Gallions Housing Association and Newlon Fusion, the community regeneration partner of Newlon Housing Trust. The framework agreement, between the 11 partners selected, comprises the build of properties across London and south east England over the next four years.

Galliford Try has also been selected as a partner on the £40 million Estuary Housing Association framework to provide affordable housing in east London, Essex and the Suffolk coast over a four year period.

Galliford Try Chief Executive Greg Fitzgerald commented:

"We are delighted to be selected as a partner on these significant affordable housing frameworks which reinforce our strong reputation for building quality affordable housing and creating sustainable communities."

 

For further enquiries:

Greg Fitzgerald, Chief Executive                          01895 855 001

Frank Nelson, Finance Director

Louise Mantio, Communications Director

Note to Editors

Galliford Try has annual revenues of £1.25 billion in housebuilding and construction.

The Group's construction order book is now £1.8 billion.  £650 million is in building (covering health and education projects through to commercial buildings and sports facilities), £950 million in infrastructure projects (ranging from water, rail, highways and flood alleviation to renewable energy and land remediation) and £200 million in affordable housing contracting.

Galliford Try was recently awarded the £790 million Forth Road Crossing project in a four party consortium, £200 million of work for United Utilities on the Liverpool waste water treatment works and in joint venture with Home Group, was appointed preferred bidder on the £347 million Gateshead regeneration programme.

The Group's housebuilding business, Linden Homes, develops distinctive homes across the south and east of England.  It completed 1,700 homes in its last financial year, has a landbank of over 10,000 plots and is currently undertaking a significant programme of growth.

 

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