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
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