Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Galliford Try wins £347m Gateshead regen deal

A Galliford Try led joint venture has been appointed preferred bidder on the £347 million Gateshead regeneration programme, one of the country’s largest.

The Galliford Try and Home Group JV, known as Evolution Gateshead, will build 2,400 homes for affordable rent and private sale across 19 sites in the city.

Work will start following financial close later this year and is due to be completed by 2026.

All homes will meet Code for Sustainable Homes level 4 and will be delivered in partnership with Gateshead Council.

Galliford Try chief executive Greg Fitzgerald said:  “I am delighted that Galliford Try will be working with Gateshead Council on the transformation of communities across Gateshead. 

“We look forward to using our expertise in creating quality, sustainable housing on one of the UK’s largest regeneration projects.”

Pinsent Masons advised the council on the deal and partner Anne Bowden said it provided another example of how local asset backed vehicles could engage the private sector in a difficult market.

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.

Related Jobs