Contractor will begin work on 2,400-home Gateshead scheme by the end of the year

Galliford Try has reached financial close on a 拢347m housing scheme to build 2,400 homes in Gateshead.

The contractor will form a consortium with Gateshead Council and housing association Home Group to form a Local Asset Backed Vehicle to construct the scheme.

Work will start later this year and continue over the next 15 years.

Galliford Try chief executive Greg Fitzgerald said: 鈥淲e are delighted to have reached an agreement with our partners to build this much-needed housing in the Gateshead area.

鈥淲e believe that this new local asset backed model with Gateshead Council and Home Group represents an innovative solution to enable Galliford Try and its partners to significantly improve affordable homes supply and sustainable communities in the North East.鈥�

Topics