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Re Joint Venture

25th Jun 2007 07:02

Galliford Try PLC25 June 2007 GALLIFORD TRY APPOINTED ON 500 HOME REGENERATION SCHEME IN DEVONPORT Galliford Try plc, the construction and housebuilding group, is pleased toannounce that it has been appointed preferred development partner by WestcoProperties Ltd, part of Devon and Cornwall Housing Association, for a majorregeneration scheme in Devonport, Plymouth. The scheme, to be carried out in joint venture with Westco, will comprise thedemolition and redevelopment of local authority estates to provide modern, mixedtenure homes. It is expected to provide up to 500 residential units over thelifetime of the project. Work is expected to begin in 2007 and to complete in 2013. Greg Fitzgerald, Chief Executive of Galliford Try, said: "We are delighted to be working with Westco Properties on the Devonportredevelopment project and we look forward to providing high quality housing forthe local community. This proves again Galliford Try's growing presence in theregeneration and affordable housing sectors." - ENDS - Further enquiries to: Greg Fitzgerald, Chief Executive Galliford Try plc 01895 855 219 Frank Nelson, Finance Director Galliford Try plc 01895 855 226 Ann-marie Wilkinson/Dan De Belder Bell Pottinger Corporate & Financial 020 7861 3232 This information is provided by RNS The company news service from the London Stock Exchange

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