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

Get healthy returns from these three healthcare stocks
Share tips

Get healthy returns from these three healthcare stocks

Professional investor Paul Major of the BB Healthcare Trust highlights three of his favourite healthcare stocks.
25 Oct 2021
Share tips of the week – 22 October
Share tips

Share tips of the week – 22 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
22 Oct 2021
Three dividend stocks from the dynamic Asia/Pacific region
Share tips

Three dividend stocks from the dynamic Asia/Pacific region

Professional investor Sat Duhra of the Henderson Far East Income investment trust highlights three of his favourite stocks.
18 Oct 2021
Share tips of the week – 15 October
Share tips

Share tips of the week – 15 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
15 Oct 2021

Most Popular

Properties for sale for around £1m
Houses for sale

Properties for sale for around £1m

From a stone-built farmhouse in the Snowdonia National Park, to a Victorian terraced house close to London’s Regent’s Canal, eight of the best propert…
15 Oct 2021
How to invest as we move to a hydrogen economy
Energy

How to invest as we move to a hydrogen economy

The government has started to roll out its plans for switching us over from fossil fuels to hydrogen and renewable energy. Should investors buy in? St…
8 Oct 2021
Emerging markets: the Brics never lived up to their promise – but is now the time to buy?
Emerging markets

Emerging markets: the Brics never lived up to their promise – but is now the time to buy?

Twenty years ago hopes were high for Brazil, Russia, India and China – the “Brics” emerging-market economies. But only China has beaten expectations. …
18 Oct 2021