Last checked at 22 Jun 2011 07:00
GALLIFORD TRY REACHES FINANCIAL CLOSE ON £50 MILLION HALTON BSF
Galliford Try plc, the housebuilding and construction group, announces that the Halton Transformational Partnership (a consortium of Galliford Try, Hochtief PPP Solutions and VINCI Construction UK) has reached financial close as the construction and investment partner undertaking the £50 million Halton Building Schools for the Future programme.
Following financial close, Galliford Try will carry out the redevelopment of The Grange School in Runcorn and the redevelopment of Wade Deacon High School in Widnes, in joint venture with VINCI. Work will commence in June 2011 and completion of construction is expected in April 2013.
Galliford Try Chief Executive, Greg Fitzgerald commented:
"We are delighted to reach financial close as a construction and investment partner on this significant project which reinforces our strong reputation and market position in the education sector."
For further enquiries:
Greg Fitzgerald, Chief Executive 01895 855001
Frank Nelson, Finance Director
Louise Mantio, Group Communications Director
Note to Editors
Galliford Try has annual revenues of £1.25 billion in housebuilding and construction.
The Group's construction order book is now £1.8 billion. £650 million is in building (covering health and education projects through to commercial buildings and sports facilities), £950 million in infrastructure projects (ranging from water, rail, highways and flood alleviation to renewable energy and land remediation) and £200 million in affordable housing contracting.
Galliford Try was recently awarded the £790 million Forth Road Crossing project in a four party consortium, £200 million of work for United Utilities on the Liverpool waste water treatment works and in joint venture with Home Group, was appointed preferred bidder on the £347 million Gateshead regeneration programme.
The Group's housebuilding business, Linden Homes, develops distinctive homes across the south and east of England. It completed 1,700 homes in its last financial year, has a landbank of over 10,000 plots and is currently undertaking a significant programme of growth.