Re Contract

RNS Number : 5688K

Galliford Try PLC

26 June 2014

 



GALLIFORD TRY ANNOUNCES APPOINTMENT TO £82 MILLION IN CONSTRUCTION CONTRACTS

Galliford Try plc, the housebuilding and construction group, announces that its Building business has been appointed to four new contracts worth £82 million in total.

Firstly, Galliford Try's Scottish business Morrison Construction has reached financial close with Hub South West Scotland Limited, the public/private development company working in partnership with North Lanarkshire Council, on the £26.4 million project to design and construct the new Clyde Valley schools campus in Wishaw.

The project which includes three phases with final completion in August 2016, involves the construction of a replacement secondary school for Clyde Valley High and a replacement primary school for both Overtown and Castlehill existing primaries, a new nursery and new sports pitches. The new Clyde Valley campus will cater for circa 1,018 pupils across the full age range from three to 18.

Secondly, the Brewery Square Development Company Ltd, a Waterhouse/Resolution Property joint venture has appointed Galliford Try to complete the next phase of the Brewery Square regeneration project in Dorchester. The £27 million contract will see the construction of a further 15 retail units and 134 apartments and penthouses at the 11.5 acre site in the heart of the town.

Thirdly, the Building business has been appointed to a £16 million contract by Brookgate Developments to construct a new 230-bedroom Ibis hotel in Cambridge on a Network Rail-owned site adjacent to the train station. In addition to the hotel accommodation, the new six-storey building includes retail units and a 3,000 space cycle park and is due to be completed early in 2016.

Finally, Building has been appointed by Vesta PC Ltd to construct a new £13.5 million commercial office space in the heart of London at 48-49 Pall Mall. The project includes retaining and protecting the existing façade of No. 49 while creating 4,129 sqm of Category A office space.

Galliford Try Chief Executive Greg Fitzgerald said: "We are delighted to have secured these major contracts that demonstrate the strength of our Building business throughout the United Kingdom and across a significant variety of sectors. We look forward to delivering on these projects and continuing on our strategy to grow our construction business as the economy improves."

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 and Galliford Try Partnerships brands - sells distinctive homes to the public and affordable homes to housing associations and local authority providers.  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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