Galliford Try secures £29m retirement village contract
GALLIFORD Try has secured a £29m contract to build a new care village on the outskirts of Birmingham.
The housebuilding and construction group has been selected by the ExtraCare Charitable Trust to build its new retirement complex in Hagley Road, Harborne.
The contract is one of two won by the group in the healthcare sector, which together are worth £40m.
The ExtraCare scheme comprises a total of 240 mixed tenure units for the over 55s together with community facilities, including a village centre with gym, restaurant, library, shops and an indoor bowling green, as well as care facilities for the elderly.
The project will begin on site in October and is set for completion in September 2013.
This is the fourth retirement village that Galliford Try has delivered for ExtraCare following the successful developments at Lichfield, Nottingham and Erdington.
Galliford Try has also reached financial close on the next stage of the South East Essex LIFT (Local Improvement Finance Trust) programme with two new schemes in Westcliff at Valkyrie Road (£5m) and North Road (£5.3m) for the South East Essex Primary Care Trust.
Greg Fitzgerald, chief executive of Galliford Try, said: “We are delighted to secure the Hagley Road contract and continue our relationship with ExtraCare. This award is testament to our proven track record in delivering not only high-quality residential schemes but also the community facilities that make these self-contained developments a real success.”
Galliford Try has annual revenues of £1.25bn in housebuilding and construction.
The group’s construction order book is now £1.8bn – £650m is in building (covering health and education projects through to commercial buildings and sports facilities), £950m in infrastructure projects, ranging from water, rail, highways and flood alleviation to renewable energy and land remediation and £200m in affordable housing contracting.
