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10/09/2012

Galliford Try Secures £100m In Affordable Housing Deals

Galliford Try, the leading housebuilding and construction group, has announced that it has secured contacts worth a total of £100 million in affordable housing.

Firstly, the Partnerships business has finalised a contract on the Gallions Quarter development in East London, following its selection as preferred developer in July 2011. The £23 million contract will see Galliford Try construct 170 homes in the second phase of the 700-home development, which also includes commercial and retail premises as part of a major regeneration programme of the area commissioned by the London Development Agency.

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Secondly, mayoral approval has been granted for the £52 million redevelopment of the old St Clement’s hospital site in Mile End, East London. The contract provides for a minimum of 223 homes, including provision of 21 homes to be granted to London’s first Community Land Trust, as well as a further 54 affordable homes. The remaining 148 homes will be sold via the Linden Homes brand.

Under two further awards Festival Housing Association has named Partnerships as preferred bidder to build a new 101-apartment retirement village in Malvern, Worcestershire in a contract worth £11.8 million, and Partnerships have also been appointed as preferred bidder for a £12 million contract to build 165 homes for Northumberland County Council across two sites at Blyth and South Newsham.

(CD)

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