3rd Sep 2014 07:27
LONDON (Alliance News) - Housebuilding and construction group Galliford Try PLC Wednesday said it has been appointed to two new contracts in the affordable housing sector worth a combined GBP106 million.
Galliford Try's Partnerships business has been selected by Notting Hill Housing to build the GBP81 million Great Eastern Quays project in East London, a regeneration scheme that includes the creation of up to 350 mixed tenure homes, and development of public spaces alongside the river and the docks, including business, retail and leisure areas.
FTSE 250-listed Galliford Try said it has also been selected for a new GBP25 million contract with Registered Provide Coast and Country Housing to build six new "extra care" developments in Redcar, Yorkshire.
Extra care housing is sometimes referred to as very sheltered housing or housing with care. It is social or private housing that has been modified to suit people with long-term conditions or disabilities that make living in their own home difficult, but who don't want to move into a residential care home.
The project will see the creation of 225 units and ancillary facilities across the surrounding region over the next three years.
In addition, Galliford Try has secured GBP20 million of funding from the Homes and Communities Agency under the Affordable Homes Programme 2015-18. The award, which Galliford said is the largest made to a commercial housebuilder, will go towards the creation of 858 affordable homes across the country.
Galliford Try shares were quoted up 0.4% at 1,288.00 pence Wednesday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Galliford Try