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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published