Re Contract

RNS Number : 1608F

Galliford Try PLC

21 May 2013

 



GALLIFORD TRY SECURES SIGNIFICANT REGIONAL BUILDING CONTRACTS TOTALLING OVER £60 MILLION

Galliford Try plc, the housebuilding and construction group, announces that its Building business has secured four new contracts predominantly in the south east of England and worth in excess of £60 million.

Firstly, Galliford Try has been contracted by Muse Developments to build the second phase of the Chatham Place regeneration scheme in the centre of Reading. The development is worth £24 million and will see the creation of two new apartment blocks containing 184 homes, 2055 sq ft ground floor retail space, an urban garden accessible to the public, and other public realm improvements.

Secondly, LHA London Ltd has contracted Galliford Try to build its latest hostel facilities for young working people and students at Torquay Street in London. The £13 million project will see the creation of 158 micro-flats with appropriate communal facilities.

Thirdly, Lothbury Investment Management Limited has selected Galliford Try to build 24,500 sq ft of office space at 55 St James's Street in London. The commercial development will include a basement and residential level on the sixth floor when completed in January 2015.

Finally, Galliford Try Building and English Cities Fund have reached financial close for the £13.5 million E3 Salford regeneration project in Chapel Street, Salford. The development will create 97 homes for private sale with additional retail units.

Chief Executive Greg Fitzgerald commented: "We are delighted to have won these four contracts so soon after our recent regional successes in Manchester. These awards reconfirm that we are securing contracts in line with our strategy across the country. The South East in particular remains a key market for us and we look forward to working with all our partners going forward to deliver these important schemes for each of them."

For further enquiries:

Galliford Try -                 Greg Fitzgerald, Chief Executive              01895 855001

                                    Graham Prothero, Finance Director

Notes to Editors

Galliford Try plc is a leading UK housebuilding and construction group. It is listed on the London Stock Exchange and a member of the FTSE 250. The housebuilding business - through its Linden Homes brand - sells distinctive homes to the public and affordable homes to housing associations and local authority providers across the South and South East of England.  The construction business carries out building and infrastructure work across the UK with clients ranging from major Government departments through to regulated utilities and private sector companies. At the end of the last financial year to 30 June 2012, the Group generated revenues of £1.5 billion.

 

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