Re Contract

RNS Number : 8195L

Galliford Try PLC

10 September 2012

 



GALLIFORD TRY ANNOUNCES £100 MILLION OF AFFORDABLE HOUSING DEALS

Galliford Try plc, the leading housebuilding and construction group, announces that it has secured contacts worth a total of £100 million in affordable housing.

Firstly, the Partnerships business has finalised a contract on the Gallions Quarter development in East London, following its selection as preferred developer in July 2011. The £23 million contract will see Galliford Try construct 170 homes in the second phase of the 700-home development, which also includes commercial and retail premises as part of a major regeneration programme of the area commissioned by the London Development Agency.

Secondly, mayoral approval has been granted for the £52 million redevelopment of the old St Clement's hospital site in Mile End, East London. The contract provides for a minimum of 223 homes, including provision of 21 homes to be granted to London's first Community Land Trust, as well as a further 54 affordable homes. The remaining 148 homes will be sold via the Linden Homes brand.

Under two further awards Festival Housing Association has named Partnerships as preferred bidder to build a new 101-apartment retirement village in Malvern, Worcestershire in a contract worth £11.8 million, and Partnerships have also been appointed as preferred bidder for a £12 million contract to build 165 homes for Northumberland County Council across two sites at Blyth and South Newsham.

Finally, the Homes and Communities Agency has confirmed Galliford Try as the successful bidder for the regeneration of Blackberry Hill Hospital in Bristol.

Galliford Try Chief Executive Greg Fitzgerald said: "Galliford Try's strong record in regeneration projects has been instrumental in securing us these significant contracts. We will continue to work with our partners in government and the housing industry to provide much-needed affordable housing wherever we can."

For further enquiries:

Galliford Try -                 Greg Fitzgerald, Chief Executive              01895 855001

                                    Frank Nelson, Finance Director

Louise Mantio, Communications 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 June 30 2011, the Group generated revenues of £1.3 billion.

 

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