25th May 2010 07:00
GALLIFORD TRY CONSORTIUM REACHES FINANCIAL CLOSE ON
CAMBRIDGESHIRE BSF PROGRAMME
Galliford Try plc, the housebuilding and construction group has reached financial close as a construction partner of the Equitix consortium, which is undertaking the Cambridgeshire Building Schools for the Future (BSF) programme.
Following financial close, Galliford Try will now undertake the £26 million redevelopment of Neale-Wade Community College in March, Cambridgeshire. It is anticipated the second phase of the programme, which includes the £19 million Cromwell Community College in Chatteris, Cambridgeshire, will follow.
Galliford Try will undertake 40% of Equitix's construction work in the first phase of the BSF programme with the potential to undertake additional construction work in subsequent phases, which could reach £600 million over the next 15-20 years
Galliford Try Chief Executive Greg Fitzgerald commented: "We are delighted to reach financial close as a construction partner on this significant education project which underlines our strong market position in the sector."
For further enquiries:
Galliford Try - Greg Fitzgerald, Chief Executive 01895 855001
Frank Nelson, Finance Director
Tulchan Communications - Mal Patel, Lucy Legh, Peter Hewer 020 7353 4200
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