Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Tuesday, July 03, 2023

Galliford Try sees financial year above market expectations

Galliford Try plc, the construction and housebuilding group, is providing the following update to trading for the year to 30 June 2023 prior to entering its close period. Preliminary results are expected to be announced on 6 September 2007.

Full year profits expected to be significantly above market expectations and substantially ahead of last year. Highlights from the update include -

Excellent performances from Morrison Construction and Chartdale Homes in their first full year following acquisition.

Integration of Linden Homes progressing well.

Construction order book maintained at over 2.1bn.

Regeneration and affordable homes business working on seven major English Partnership projects.

Housebuilding reached record levels

-Completions of 1,530 units (2006: 1,054 units)

-Sales carried forward of 185m (2006: 78m)

-Land bank of 11,100 units (2006: 4,022 units)

Strong construction cash flows.

Year end borrowings well below market expectations.