Commercial Property News

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Tuesday, April 11, 2023

Galliford Try reaches financial close on 134m Highlands school PFI

Galliford Try plc, the construction and house building group, has reached financial close on a PFI project for 134m of construction work to build eleven new schools in the Highlands of Scotland.

The scheme encompasses five primary schools, three secondary schools, one combined primary and secondary and a special needs facility. Work will be carried out over the next three years by Morrison Construction.

The project was at preferred bidder stage on the acquisition of the Morrison Construction Division by Galliford Try in March.

Greg Fitzgerald, Chief Executive of Galliford Try, commented: "The successful financial close of the Highland Schools PFI follows closely behind the 192 million Northamptonshire Schools PFI secured by Galliford Try last December. We are delighted to be working with the Highland Council to create buildings that will serve the whole community as well as significantly enhancing the facilities for education in the Highlands.

As expenditure on education continues to remain a priority, Galliford Try's track record in the sector, from primary schools through to university buildings, underlines the Group's presence in this key market sector."