Re Contract

29 Jan 2007 07:02

Galliford Try PLC29 January 2007 GALLIFORD TRY AWARDED £71 MILLION REGENERATION SCHEMES Galliford Try plc, the construction and housebuilding group, is pleased toannounce that it has been appointed by Shoreline Housing Partnership asdevelopment partner on a £46 million regeneration scheme to redevelop theYarborough Estate in Grimsby. In addition, Galliford Try has been awarded a £25million affordable housing contract at Payne Road for East Thames Housing Group. The scheme to regenerate the Yarborough Estate will last for approximately eightyears. Galliford Try will provide 440 modern new properties, approximately 40%of which will be social housing. There are also proposals for a new medicalcentre and a new primary school, and the project will include a neighbourhoodgreen, play area and community "eco gardens". Galliford Try has also been appointed by East Thames Housing Group to deliver a£25 million mixed use scheme at Payne Road in East London. The project willprovide 158 mixed tenure residential units and will include a 2, 214 squaremetre commercial and community space at ground floor level with car parkingfacilities. Work is expected to be completed in December 2008. Greg Fitzgerald, Chief Executive of Galliford Try, said: "The presence we established as a local housebuilder in Grimsby with theacquisition of Chartdale Homes last year was key to securing the Yarboroughaward. We are well established in East London, and we look forward to workingwith both Shoreline Housing Partnerships and East Thames Housing Group toprovide high quality homes which will put these communities at the forefront ofmodern living." Further enquiries to: Greg Fitzgerald, Chief Executive Galliford Try plc 01895 855219Frank Nelson, Finance Director Galliford Try plc 01895 855226Ann marie Wilkinson/Geoff Callow Bell Pottinger Corporate & Financial 020 7861 3232 This information is provided by RNS The company news service from the London Stock Exchange