GTHKF Genting Hong Kong Ltd (CE)

LONDON--Galliford Try PLC (GFRD.LN), a housebuilding and construction group, Monday announced that it has reached financial close with Genting U.K to build a major new leisure and retail development at the National Exhibition Centre in Birmingham, adding that project is valued at 89 million pounds.

MAIN FACTS:

-The scheme is set to start on site in October with completion expected in January 2015.

-The Resorts World project, includes a new casino, a 176-bed four/five-star hotel and spa, conference facilities, a factory outlet centre, a cinema complex, food and beverage retail space and parking for 480 cars.

-Shares closed Friday at 720 pence, valuing the company at GBP589.4 million.

-Write to Razak Musah Baba at razak.baba@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires