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Galliford Try Holdings PLC - Uxbridge, England-based construction company - Says that its building business has been appointed by Related Argent and Invesco Real Estate, acting on behalf of a US separate account client, to a £87 million contract. Under the terms of the contract, Galliford will deliver a further phase of the new build-to-rent development at Brent Cross Town in North London.
The firm was previously awarded a contract to build 249 new homes. It has now been appointed to build a further 286 apartments across 3 blocks. Further retail and amenity space will also be created, including a leisure suite with a swimming pool.
Chief Executive Bill Hocking says: ‘We are delighted to be working once again with Related Argent on one of the most significant Build to Rent schemes in London. Our business has a strong track record in producing high-quality residential developments with the sector remaining a key focus for our Building business within our Sustainable Growth Strategy.’
Current stock price: 240.80 pence, up 2.0% on Tuesday
12-month change: up 45%
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