Galliford Try closes first PF2 schools deal for £160m

Aaron Morby 9 years ago
Share

Galliford Try has reached financial close on the first major schools project to be funded using the PF2 model.

The deal will see a total of six new secondary schools and six primary schools built in North East England.

At the same time, Galliford Try has also signed a contract with Flintshire Council for the Holywell Learning Campus in North Wales.

The construction contract for the North East schools batch is worth over £103m, with a further £57m coming through a 25-year maintenance and lifecycle contract for the firm’s FM business.

Miller Construction was named preferred bidder for the PF2 batch last May, before it was bought by Galliford Try, which will now retain an equity stake in the project.

The programme will provide new, purpose-built facilities which will benefit more than 8,350 pupils across the region, as well as providing 188 nursery places.

North East PF2 schools batch

Secondary schools

  • Bedlingtonshire Community High School, Northumberland
  • The Duchess’s Community High School, Northumberland
  • Laurence Jackson School, Redcar and Cleveland
  • Longbenton Community College, North Tyneside
  • Hetton School, Sunderland
  • Seaham School of Technology, County Durham

Primary schools

  • Front Street Primary School, Gateshead
  • Hylton Castle Primary School, Sunderland
  • Lingey House Primary School, Gateshead
  • Mandale Mill Primary School, Stockton on Tees
  • Roman Road Primary School, Gateshead
  • Shiney Row Primary School, Sunderland

Galliford Try’s building business has also signed a £26m contract to build the Holywell Learning Campus in North Wales, as part of the Welsh Government’s 21st Century Schools programme.

This will include building a new primary and secondary schools, with the single storey primary school offering 315 pupil places, replacing the current local infants and junior schools.

The three-storey secondary school will offer 600 places and replace the existing High School on the site.

Galliford Try Executive Chairman Greg Fitzgerald said: “Our ability to conclude the contract with the Education Funding Agency successfully demonstrates the strength of our investments business in offering innovative solutions to unlock projects, while the Holywell contract is proof of our growing prominence in the North Wales market.”

Latest project news

Galliford Try to upgrade Red Arrows base

Contractor seals quartet of RAF base upgrades
4 months ago

Galliford Try bags £87m Brent Cross build to rent job

Firm picks up another three blocks at Argent's North London £8bn regeneration scheme
5 months ago

Balfour starts £67m Edinburgh school campus

Passivhaus certified campus buildings will replace Liberton High School
6 months ago

Red wins Bristol retirement village £14m expansion

44 extra care flats to be built at former Frys chocolate factory
6 months ago

Caddick bags UK’s largest fertiliser plant job

Yorkshire contractor seals £28m contract for new plant in Yorkshire
6 months ago

Mace wins concrete bunkers for world’s most powerful laser

Firm will build two 7m tall bunkers with 2m thick radiation resistant concrete walls
6 months ago

Robertson to deliver £20m Alloa Wellbeing Hub and school

Design work will now start on Wellbeing Hub and Lochies primary school
6 months ago

Green light for Canada Water next phase of 380 homes

Zone G plan includes major resi tower, supermarket and park
6 months ago

Mace to start £230m Landsec London office job

Timber Square project will pioneer a hybrid cross laminate timber and steel superstructure
6 months ago

British Land multi-storey logistics hub approved

London urban last-mile logistics hub pipeline hits £1.3bn
6 months ago

£350m Birmingham triple tower scheme approved

Vast curving Ringway Centre to be demolished for 1,750 flats development
7 months ago

Midgard lands £245m Tottenham Hale towers

Three towers of up to 38 storeys complete north London regeneration scheme
7 months ago

Go-ahead for Wates £35m Hartlepool leisure centre job

Work on the Highlight waterfront centre to start in November
7 months ago

Green light for 690-home Birmingham Smithfield scheme

Prosperity Group plans to start work in Autumn next year on major Smithfield scheme
7 months ago

Go-ahead for 289 homes next to Saltaire World Heritage site

Ambitious plan to demolish a vacant Bradford office complex for new residential quarter
7 months ago

Plans in for 800-bed Leeds student and retail scheme

Major scheme will replace The Core shopping centre in the city
7 months ago

McAleer & Rushe awarded £60m Barking flats job

Work to start in November on near 200 rental homes project
7 months ago

ISG clinches £155m Cat D prison expansion

Firm to deliver 780 new places at three existing prison locations
7 months ago

27-storey Salford student tower approved

540-bed student block to be built on former site of McDonalds' regional HQ
7 months ago

Morgan Sindall £48m Dumfries school job approved

Building work to start before the end of 2023
7 months ago

Bouygues/Murphy JV tipped for £2.3bn Thames tunnel job

Frontrunner emerges for Lower Thames Crossing 4.2km tunnel job
7 months ago

Vinci/McAlpine JV to start £105m NHS rehabilitation centre

Treasury clears New Hospital Programme job to start main construction
7 months ago

Three giant lab buildings approved at £700m Oxford R&D district

Phase 2 Oxford North office and lab buildings to deliver 460,000 sq ft of space
7 months ago

RG Group to build tallest student block in the world

Contractor confirmed on 45-storey tower in Leeds
7 months ago

Vinci wins major St Helens town centre revamp

£90m first phase includes new market hall, 120-bed hotel and over 60 flats
7 months ago

Work to start this year on Manchester £250m spa resort

Developer Therme gets green light for re-engineered 28-acre Trafford complex
7 months ago

Barhale JV sign-off for £18m Dewsbury sewage works upgrade

Project forms part of Yorkshire Water’s £500m investment in Phosphorous removal
7 months ago

Murphy seals main build on £124m Essex station

Contractor lands main contract after successful start on enabling works package
7 months ago

GMI lands latest £42m phase of lab cluster

Citylabs life sciences complex in Manchester continues to grow
7 months ago

Green light for Canada Water commercial scheme

Twin-tower scheme will offer "a new type of office for London"
7 months ago

Contractor services