Galliford Try's Partnership business selected for new contracts

Galliford Try, the FTSE 250-listed housebuilding and construction group, has reported that its Partnerships business has been selected for contracts worth 56.3m pounds in total.

Galliford Try, the FTSE 250-listed housebuilding and construction group, has reported that its Partnerships business has been selected for contracts worth 56.3m pounds in total.

The group said that One Housing Group had chosen Partnerships as the preferred bidder to deliver the £17.8m Batavia Road scheme in London. The project will create 114 new mixed-tenure homes, including 101 for private sale, and associated public realm works in the New Cross area of Lewisham.

Additionally, the Partnerships business has been selected by clients in the South West, North West and North East to deliver 13 more affordable housing projects, which would involve building 392 new homes across the country in contracts worth a combined £38.5m.

Greg Fitzgerald, Chief Executive Officer of Galliford Try, said: "Our Partnerships business continues to perform strongly across the country, cementing our position as a leading contractor in the affordable housing sector. We look forward to working with One Housing Group and our other partners to deliver the quality homes that their customers deserve."

Galliford Try's share price was down 2.60% to 973p at 09:06 on Thursday.

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

The electric-car bubble could get an awful lot bigger from here
Renewables

The electric-car bubble could get an awful lot bigger from here

The switch to electric cars is driving a huge investment bubble. But that’s not necessarily a bad thing, says John Stepek. Fortunes will be made and l…
24 Sep 2020
Can Rishi Sunak’s winter plan save the UK economy?
UK Economy

Can Rishi Sunak’s winter plan save the UK economy?

With his Winter Economic Plan, chancellor Rishi Sunak is hoping to support the economy through the dark months ahead as restrictions tighten again. Jo…
25 Sep 2020
The rising dollar is proving bad news for most other assets – will it last?
Investment strategy

The rising dollar is proving bad news for most other assets – will it last?

Precious metals, stocks and pretty much every other asset has taken a tumble as the US dollar strengthens. Dominic Frisby looks at how long this trend…
23 Sep 2020