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.

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

Recommended

Ocado faces a “crunch” year – should you buy or avoid?
Share tips

Ocado faces a “crunch” year – should you buy or avoid?

Ocado was one of the big winners from the pandemic as customers moved online. But now it’s struggling, and losses are growing. So, asks Rupert Hargrea…
27 May 2022
What to buy as the tech-stock bull market crashes
Tech stocks

What to buy as the tech-stock bull market crashes

The decade-long bull market in tech stocks has come to a rapid halt. Investors need to distinguish solid stocks from speculative ones rather than just…
27 May 2022
Share tips of the week – 27 May
Share tips

Share tips of the week – 27 May

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
27 May 2022
Marks & Spencer shares look cheap – should you buy in?
Retail stocks

Marks & Spencer shares look cheap – should you buy in?

Marks & Spencer shares have been a disappointment for investors for two decades. But with the company now on something of a comeback, Rupert Hargreave…
25 May 2022

Most Popular

The world’s hottest housing markets are faltering – is the UK next?
House prices

The world’s hottest housing markets are faltering – is the UK next?

As interest rates rise, house prices in the world’s most overpriced markets are starting to fall. The UK’s turn will come, says John Stepek. But will …
23 May 2022
The Federal Reserve wants markets to fall – here’s what that means for investors
Stockmarkets

The Federal Reserve wants markets to fall – here’s what that means for investors

The Federal Reserve’s primary mandate is to keep inflation down, and lower asset prices help with that. So, asks Dominic Frisby – just how low will st…
25 May 2022
Scottish Mortgage Investment Trust has fallen hard. But is now the time to buy?
Investment trusts

Scottish Mortgage Investment Trust has fallen hard. But is now the time to buy?

After a spectacular couple of decades, the Scottish Mortgage Investment Trust has fallen by almost 45% so far this year. Rupert Hargreaves asks if no…
26 May 2022