Re Contract

RNS Number : 8073V

Galliford Try PLC

18 December 2013

 



GALLIFORD TRY SECURES £100 MILLION REGENERATION PROJECT IN BRUNSWICK, MANCHESTER

Galliford Try plc, the housebuilding and construction group, announces that S4B, the Equitix-led partnership that includes Galliford Try and Contour Homes, has reached financial close on the £100 million Brunswick regeneration scheme. Financial close follows the consortium's appointment as preferred bidder.

The regeneration programme will transform the Brunswick area of East Manchester, providing 522 new homes as well as new community facilities, including an Extra Care centre and retail units. Additionally, extensive infrastructure works and remodelling will be carried out.

Leading repairs and maintenance contractor Mears will refurbish a further 654 homes and provide ongoing facilities management services under the project.

Galliford Try Chief Executive Greg Fitzgerald stated: "We are very pleased to reach agreement with Manchester City Council, our consortium partners and other project stakeholders to secure what will be an important regeneration project for Greater Manchester. S4B is already well advanced in its planning for the project, and we look forward to formal commencement of works early in 2014."

For further enquiries:

Galliford Try -                 Greg Fitzgerald, Chief Executive              01895 855001

                                    Graham Prothero, Finance Director

Note 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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