Re Contract

RNS Number : 6006R

Galliford Try PLC

15 September 2014

 



GALLIFORD TRY JOINT VENTURE APPOINTED TO BUILD OVER 1,100 HOMES AT SILVERTOWN WAY

Galliford Try plc, the housebuilding and construction group, announces that it has been selected as preferred developer by Greater London Authority (GLA) to construct the Silvertown Way development in Canning Town, East London.

The prestigious development, which will create over 1,100 mixed tenure homes across 11 individual blocks, has an approximate gross development value of £360 million, making it the largest standalone housing scheme that the company has undertaken. The project will be delivered through an existing joint venture vehicle with Thames Valley Housing Association and deliver a third of the homes as market rent for its subsidiary Fizzy Living.

Three of the Galliford Try Group companies: Linden Homes, Galliford Try Partnerships and Galliford Try Infrastructure will deliver the development which includes homes for sale, rent and shared ownership, a hotel, restaurant, employment and commercial space. 

In addition, Galliford Try has been appointed as preferred developer for a further 210-home regeneration scheme in the Bristol region by the Homes and Communities Agency's (HCA's) Delivery Partner Panel. The scheme is anticipated to have a gross development value of approximately £40 million.

Galliford Try Chief Executive Greg Fitzgerald commented: "We are delighted to have been selected for both these schemes which underline our strong relationship with the GLA and HCA. These schemes are testament to the combined resources of the group and our proven expertise in regeneration and affordable housing projects. It underlines our continued investment in delivering much needed homes and working in long-term partnerships with our partners in the sector."

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.

On 9 July 2014 Galliford Try acquired Miller Construction.  Miller Construction is a UK construction business which delivers building and infrastructure projects to both the public and private sectors. 

 

END

 

 

CNTGGUMGBUPCGMP