As a partner in the Solutions 4 Brunswick consortium, the firm with Contour Homes and Mears will transform the Brunswick area, building 522 new homes as well as new community facilities.
Mears will refurbish a further 654 homes and provide ongoing facilities management services under the project.
Additionally, extensive infrastructure works and remodelling will be carried out as well as building an Extra Care centre and shops.
The redevelopment plans were postponed for several years since funding for the project was agreed by the HCA under its housing PFI programme in August 2007.
Galliford Try Chief Executive Greg Fitzgerald stated: “We are very pleased to reach agreement with Manchester City Council, our consortium partners and other project stakeholders to secure what will be an important regeneration project for Greater Manchester. S4B is already well advanced in its planning for the project, and we look forward to formal commencement of works early in 2014.”