Galliford Try in triple contract win

Construction company Galliford Try has been appointed by RED Property Services to construct the Old Trafford Supporters Club hotel, opposite the Manchester United football ground.

Construction company Galliford Try has been appointed by RED Property Services to construct the Old Trafford Supporters Club hotel, opposite the Manchester United football ground.

The £13.3m project will be a four-star 139-bed hotel and will feature supporters' club facilities and bar, alongside additional retail units.

The group also announced that it has concluded an agreement with The Carlyle Group and its joint venture partners Nikal and Abstract Securities to build the second stage of the Soapworks project in a deal with £12.5m.

Under the agreement, Galliford will construct the entire second phase of the project and will create 210,000 sq. ft. of office space in the old Colgate-Palmolive factory that adjoins the Media City complex in Salford Quays.

Thirdly, Muse Developments has contracted Galliford Try to deliver the sixth phase of the Smithfield residential project in Salford. The £10.75m phase of the development will see the creation of 77 one, two and three-bedroom apartments for private sale, and associated retail units.

Galliford Try Chief Executive, Greg Fitzgerald, said: "These new contracts build on our track record and in particular our recent successes in Greater Manchester, demonstrating the strength of our regional construction business in all sectors.

"We are delighted to be working on these significant developments for the region, and look forward to continuing to play our part in enhancing the built environment in the North West."

Recommended

Aviva: a share for income investors to tuck away
Share tips

Aviva: a share for income investors to tuck away

Insurance giant Aviva is one of the highest yielding stocks in the FTSE 100 – and it’s cheap, too, making it a tempting target for income investors. R…
18 May 2022
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves looks at the FTSE 100’s top yielding stocks for income investors to consider.
18 May 2022
Three fast-growing, undervalued UK mid-cap stocks to buy now
Share tips

Three fast-growing, undervalued UK mid-cap stocks to buy now

Professional investor Katen Patel of the JPMorgan Mid Cap Investment Trust picks three fast-growing UK mid-cap stocks to buy now.
18 May 2022
Should you buy Vodafone shares, or steer clear?
Share tips

Should you buy Vodafone shares, or steer clear?

Vodafone grew revenue by 4% and profit by 11% last year, and offers investors a 6.4% dividend yield. So should you buy Vodafone shares? Rupert Hargrea…
17 May 2022

Most Popular

Get set for another debt binge as real interest rates fall
UK Economy

Get set for another debt binge as real interest rates fall

Despite the fuss about rising interest rates, they’re falling in real terms. That will blow up a wild bubble, says Matthew Lynn.
15 May 2022
Is the oil market heading for a supply glut?
Oil

Is the oil market heading for a supply glut?

Many people assume that the high oil price is here to stay – and could well go higher. But we’ve been here before, says Max King. History suggests tha…
16 May 2022
Value is starting to emerge in the markets
Investment strategy

Value is starting to emerge in the markets

If you are looking for long-term value in the markets, some is beginning to emerge, says Merryn Somerset Webb. Indeed, you may soon be able to buy tra…
16 May 2022