Galliford Try to deliver its largest ever standalone housing scheme

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Sharecast News | 15 Sep, 2014

Updated : 08:58

Galliford Try has won a contract with Greater London Authority (GLA) to construct the Silvertown Way development in Canning Town, east London.

The project, which will be the largest standalone housing scheme that the company has undertaken, will be delivered through an existing joint venture vehicle with Thames Valley Housing Association and deliver a third of the homes as market rent for its subsidiary Fizzy Living.

Three of the Galliford Try Group companies, namely Linden Homes, Galliford Try Partnerships and Galliford Try Infrastructure, will deliver the development, which has a gross development value of around £360m.

The FTSE 250 company has also been appointed as preferred developer for a further 210-home regeneration scheme in the Bristol region by the Homes and Communities Agency's (HCA's) delivery partner panel. The scheme is anticipated to have a gross development value of approximately £40m.

Galliford Try chief executive Greg Fitzgerald said: "We are delighted to have been selected for both these schemes which underline our strong relationship with the GLA and HCA. These schemes are testament to the combined resources of the group and our proven expertise in regeneration and affordable housing projects.

"It underlines our continued investment in delivering much needed homes and working in long-term partnerships with our partners in the sector."

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