Re Contract

RNS Number : 3445B

Galliford Try PLC

06 January 2015

 



GALLIFORD TRY REACHES AGREEMENT ON £48.5 MILLION WICK COMMUNITY CAMPUS

Galliford Try plc, the housebuilding and construction group, announces that its Morrison Construction business has achieved financial close on the £48.5 million Hub North Scotland Ltd contract with The Highland Council to deliver a community campus in Wick.

Morrison Construction will carry out the construction of The Wick Community Campus project which will replace the existing Wick High School, South Primary School, Pulteneytown Academy Primary School, the Carnegie Library and the community swimming pool. Construction has commenced on site and is expected to be completed by September 2016.

In addition, Galliford Try will invest £1.6 million in funding for the project and will provide ongoing hard facilities maintenance and lifecycle management services in a contract worth approximately £13 million over the 25 year concession period.  

Galliford Try Executive Chairman Greg Fitzgerald stated: "We are delighted to have reached agreement with our partners at Hub North Scotland and the Highland Council on such an important project. Morrison Construction has a proven track record in providing public sector facilities across Scotland and we look forward to working with Hub North Scotland and the Highland Council to provide the high quality school and community facilities that the local community in Wick deserves."

For further enquiries:

Galliford Try -     Greg Fitzgerald, Executive Chairman                   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 2014, the Group generated revenues of £1.8 billion.

 

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