Housebuilder’s financial close on schools programme
HOUSEBUILDER and construction group Galliford Try plc 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. It is anticipated the second phase of the programme, which includes the £19 million Cromwell Community College in Chatteris, will follow.
The company will undertake 40 per cent 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 to 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.”
redevelopment: Galliford Try will undertake the £26 million project at Neale-Wade Community College in March.