Galliford Try (LON: GFRD) has been appointed to a significant £3 billion affordable homes framework by The Hyde Group, a major Registered Provider (RP).
The appointment covers all seven lots of the new Main Contractor framework, spanning the East, South, and London regions where The Hyde Group operates.
With The Hyde Group managing 120,000 homes, this framework presents a substantial opportunity for Galliford Try over the next five years. The framework aims to deliver 1,500 homes annually.
This framework aligns perfectly with Galliford Try's stated Sustainable Growth Strategy to 2030, solidifying its position in the affordable homes market.
The company’s expertise in delivering low-to-mid-rise apartment blocks makes it a strong partner for The Hyde Group. The markets have responded positively to this news, reflecting confidence in Galliford Try's ability to execute on this major project.
A consistent stream of projects under this agreement will bolster Galliford Try's revenue visibility and contribute to its bottom line over the next five years.
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