Re Contract

RNS Number : 1037V

Galliford Try PLC

10 December 2013

 



GALLIFORD TRY APPOINTED PREFERRED BIDDER ON 25 YEAR KENT EXTRA CARE CONTRACT WORTH OVER £70 MILLION TO GROUP

Galliford Try plc, the housebuilding and construction group, announces that it has been appointed preferred bidder by Kent County Council to its 'Excellent Homes for All' scheme. The £38 million construction contract will involve the provision of seven schemes of supported housing across the county.

Approximately 240 homes are anticipated to be built by Galliford Try's Partnerships business in extra care schemes to provide supported living for vulnerable adults across Kent under the contract, as well as communal facilities.

In parallel, the project will involve the creation of a special purpose vehicle managed by Galliford Try Investments to develop social housing for vulnerable people within Kent. The current value of the index linked investment to be made by Galliford Try over the 25-year course of the contract is in excess of £4 million.

In addition, Galliford Try's Facilities Management ('FM') business will provide ongoing hard and soft facilities maintenance and lifecycle management services in operating the scheme accommodation. The FM contract is anticipated to be worth over £36m, providing approximately £1.5 million of additional index linked income per annum to the Group.

Housing Management services for the project will be provided by Galliford Try's partner, the West Kent Housing Association.

Galliford Try Chief Executive Greg Fitzgerald commented: "We are delighted to have been selected for this significant contract by Kent County Council. We continue to demonstrate our expertise in providing high quality facilities for vulnerable people. The multi-faceted nature of this contract provides further evidence that our diverse business allows us to offer clients integrated solutions to solve their problems."

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 2013, the Group generated revenues of £1.5 billion.

 

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