Galliford Try secures spot on new £3.2bn affordable homes framework

(Sharecast News) - Construction group Galliford Try said on Monday that it secured a position on the new £3.2bn Communities & Housing Investment Consortium (CHIC) newbuild development framework for affordable homes. Galliford has won a place on the £2.5bn lot 2 of the eight-year framework, for new build projects worth more than £10m, and the £650m lot 3, for regeneration projects, on behalf of CHIC, a nationwide procurement and asset management consortium owned by its membership.

The consortium consists mainly of housing associations and local authorities.

Galliford anticipates accessing the framework to build low and medium rise affordable apartments, building on its existing capabilities in the build to rent market.

Chief executive Bill Hocking said: "Our group has a strong track record in residential developments, and the affordable homes market is a key adjacent sector for our business within our Sustainable Growth Strategy.

"We are delighted to have been awarded a place on this new framework by CHIC and look forward to working with their members to deliver much-needed affordable schemes across the country."