1. Maryland Point An Approach to Affordable Housing

2. Agenda Introduction Maryland Point The Market Opportunities Summary

3. Introduction Plan for growth – Construction Partnership approach & sector focus Build on recent successes in public and regulated sectors Plan for growth – Housebuilding Build on success as strong regional developer Expand units sales by 50% over next 3 years Affordable Housing an opportunity for Galliford Try

4. Maryland Point Mixed Tenure & Mixed Use Partnering Framework Procurement Route £9.8m Design & Build Scheme Key Characteristics Maryland Point, Stratford

5. Maryland Point Mixed Tenure / Mixed Use Mixed Tenure - 105 new 1 & 2 bed apartments 52 outright sale – 32,900ft² 12 market rent – 6,900ft² 41 shared ownership – 23,700ft² Commercial – 9,100ft²

6. Maryland Point CLIENT Partnering Framework Route COST CONSULTANTS WALKER MANAGEMENT DESIGN TEAM STOCK WOOLSTENCROFT ARCHITECTS SPECIALIST SUPPLY CHAIN SPECIALIST CONTRACTORS/SUPPLIERS CONSTRUCTION PARTNER

7. Maryland Point Added Value / Benefits Partnering ethos Early involvement in design Certainty of delivery – Time / Cost / Quality Appropriate market knowledge Specific design criteria incorporated in scheme Defined sales strategy CONSTRUCTIONHOUSEBUILDING GALLIFORD TRY PARTNERSHIPSTRY HOMES

8. Statistics Largest demand London & South East Government key driver Barker review - 20,000 additional affordable housing units – year on year to 2011 Sustainable Communities Initiative – Key Worker The Market New build market set to rise 25% - £2 billion by 2006 Refurbishment & maintenance market set to rise 20% - £7.5 billion by 2006

9. The Market Sub Sectors Key Worker Demand PFI/SPV Affordable House BuildersH/AHouse BuildersL/A The Market Supply Demand H/A

10. Building on existing relationships Currently working with 15 H/A’s on over 1500 units Housing Associations increasingly looking for top-up funding to increase their overall development programme Construction Opportunities Partnerships already involved in PFI procurement route LA & MBC’s require refurbishment and replacement of old stock

11. Two main forms:- To provide accommodation for rent, shared ownership key worker and sub-market Enabling: - Section 106 Agreement (planning obligation) Collaboration:- Joint developments with housing associations/local authorities and other public bodies to provide mixed- tenure development Housebuilding Opportunities

12. Large growth area Proactive relationships critical Potential requirement for developments to provide 30% affordable housing Housebuilding Opportunities Enabling Waters Edge, Shaldon

13. Exciting area going forward Beneficial land payment terms Excellent relationships essential Increased margins due to less competition 5 current projects – 700 units Housebuilding Opportunities Little Bitchywind, Bradninch Collaboration

14. Summary Growth market for contractors and housebuilders Galliford Try capitalising on experience Clear advantage of joint construction & housebuilding approach Maryland Point illustrates our capability

15. Maryland Point An Approach to Affordable Housing