LONDON - Galliford Try (LON:GFRD) Holdings PLC, a prominent UK construction group, has announced its appointment to two commercial contracts in London with a combined value of £87 million. The company's Building business has been selected for a £53 million redevelopment project at 30-33 Sloane Street, London, which involves retaining the historic façade while constructing a new six-story building. This development will feature luxury retail spaces, Category A offices, and a new rooftop restaurant.
Additionally, the firm has secured a £34 million contract with Big Yellow (OTC:YELLQ) Self Storage to develop a new facility in Wapping, East London. This project will deliver a 133,000 square foot multi-level self-storage facility, including flexible offices, a business hub, and workspace accommodation.
Bill Hocking, Chief Executive of Galliford Try, expressed the company's commitment to organic growth and its strong track record in the London commercial sector. Hocking stated, "We look forward to working with both these blue-chip clients to create schemes that we can be proud of and enhance the local environment."
Galliford Try operates under the names Galliford Try and Morrison Construction, carrying out building and infrastructure projects for clients in various sectors across the UK. The company is listed on the London Stock Exchange (LON:LSEG) and recognized as a leading construction group in the country.
The announcement of these contracts aligns with Galliford Try's Sustainable Growth Strategy, which emphasizes the expansion of their Building business. These new projects in the heart of London underscore the company's ongoing involvement in significant urban development initiatives.
This news is based on a press release statement and has not been independently verified. The information provided is a factual recount of Galliford Try's recent contract acquisitions and does not endorse the company's services or performance.
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