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
