Advertisement

Galliford Try selected as preferred bidder on multiple contracts

Galliford Try, the housebuilding and construction group, has announced its Partnerships business has been selected as the preferred bidder on a number of contracts across the UK.

Galliford Try, the housebuilding and construction group, has announced its Partnerships business has been selected as the preferred bidder on a number of contracts across the UK.

Under the first contract, worth £15.6m, Partnerships will create 80 mixed tenure homes and commercial units for the Affinity Sutton housing association.

The business has also been selected as preferred bidder by both developer Kitewood Estates and registered provider Gallions Housing to build 137 homes and commercial units in a £15.5m deal at Blackwall Lane in east London.

Advertisement - Article continues below

Further to this, Partnerships will build another 54 houses for Gallions Housing as a result of being selected as preferred bidder by developer MacDonald Egan for the £8.1m Neptune Wharf project, also in east London.

Additionally, the business has been selected as the preferred bidder for a £12m Midlands contract, under which it will deliver a further Extra Care scheme in Cannock for Staffordshire County Council.

Finally, North East Derbyshire District Council and housing management organisation Rykneld Homes have appointed Partnerships as preferred bidder for a £10m contract to rebuild the Tarran bungalows in Ecklington and Killamarsh. A total of 129 new two-bed homes will be built to replace the pre-fabricated bungalows that were part of the post-war emergency building programme.

Galliford Try Chief Executive Greg Fitzgerald said: "Our Partnerships business continues to be a leading contractor of choice for registered providers and these new projects are testament to the success of our business model. We look forward to working with our partners to further improve levels of affordable housing across the country."

In total, the contracts are worth over £60m.

Despite these successes, the share price fell 0.29% to 845p by 08:30.

NR

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

How “support” and “resistance” can help you spot trading opportunities
Sponsored

How “support” and “resistance” can help you spot trading opportunities

Technical analysis can help traders manage risk and decide where to enter and exit a trade. One simple form of technical analysis is the concept of “s…
6 Jul 2020
House price crash: UK property prices are falling – so where next?
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020
A first-half home run for investment trusts
Sponsored

A first-half home run for investment trusts

The investment trust sector has seen some extraordinary performance in the first half of this year. Max King looks at what's behind it, and asks: is i…
7 Jul 2020