Galliard Homes Explained

Galliard Homes Limited
Type:Private
Key People:Stephen Conway (Founder, Chairman and CEO)
Industry:Residential Property
Location City:Loughton
Location Country:United Kingdom

Galliard Homes Limited[1] is a British residential property developer based in Loughton. Operating across London and the Home Counties, Galliard Homes is the capital's largest privately owned residential property developer.[2]

History

Galliard Homes was founded in 1992,[3] by Stephen Conway, who is still its chairman and stepped down as CEO in 2017.[4] In 1993, Galliard Homes purchased the completed Papermill Wharf. Galliard's Victorian conversion, Burrells Wharf followed in 1994, including a statue of engineer Isambard Kingdom Brunel. Further developments in the Docklands include Great Jubilee Wharf, in Wapping,[5] and Millennium Quay.[6]

In 2011, together with Frogmore, Galliard acquired a site on Chiltern Street in Marylebone and began developing apartments, now known as The Chilterns.[7]

Galliard appeared on BBC One's The Apprentice in December 2015, with contestants trying to sell off-plan apartments at The Printworks in Clapham.[8]

In September 2016 Galliard's Lincoln Plaza development in London's Docklands won the Carbuncle Cup for the worst new building of the year in the UK.[9]

In November 2023, Galliard Homes, in a joint venture with Singaporean partner City Developments Limited, acquired the 13.8-acre Morden Wharf development in Greenwich.[10] [11]

Operations

With over 700 staff, Galliard is a property development, hospitality and management group overseeing mixed-use residential, hotel and commercial projects across London and southern England, with a £3.6 billion portfolio of over 6,000 homes, 950 hotel rooms, and one million square feet of retail premises and commercial properties.[12]

Led by chairman and chief executive officer Stephen Conway, the Group has three divisions, Galliard Homes, Galliard Commercial and Galliard Construction.[13]

In July 2015, Singaporean developer, Oxley Holdings entered into a subscription and shareholders' agreement to acquire a 20% stake in the enlarged share capital of Galliard for £50m.[14]

The Stage, Shoreditch is among the projects under development by Galliard Homes.[15]

A 1999 legal case, Galliard Homes v J Jarvis and Sons, is relevant to the interpretation of letters of intent, pre-contractual documents issued in order to set a project underway. In this case, the formal contract documents were never signed, and a dispute arose regarding the project. The High Court held that the intention of both parties had been to enter into a formal contract executed as a deed, but this did not take place and there was therefore no contract in place.[16]

During April 2023, Galliard announced they have signed the UK government's post-Grenfell remediation contract. The contract aims for developers to ensure and tackle critical fire safety defects in buildings that are 11 meters or taller in buildings built in the past 30 years.[17]

Notes and References

  1. Web site: 1987-08-28 . GALLIARD HOMES LIMITED overview - Find and update company information - GOV.UK . 2023-08-03 . . en.
  2. Web site: Galliard Homes and Cain Hoy form joint venture to develop £1 billion of residential units. 24 November 2014. Buildingconstructiondesign.co.uk. 22 April 2016.
  3. Web site: GALLIARD HOMES LIMITED. Companies House. Gov.uk. 6 September 2016.
  4. Web site: Galliard People Galliard Homes. www.galliardhomes.com. 2019-01-09.
  5. https://www.greatjubileewharf.com/ Great Jubilee Wharf
  6. Web site: Galliard, London’s Docklands and Regeneration Investor Guides Galliard Homes. Galliardhomes.com. 18 January 2017.
  7. News: Inside the block of luxury London flats with its own private art gallery and cinema. Business Insider. en. 18 January 2017.
  8. Web site: Property Agents. BBC iPlayer. BBC. 6 September 2016.
  9. Web site: Carbuncle Cup 2016: Luxury flats dubbed 'embodiment of sea sickness' - BBC News . bbc.com . 20 March 2017.
  10. News: Prior . Grant . Galliard Homes JV to build out 12-tower Greenwich site . 13 November 2023 . Construction Enquirer . 13 November 2023.
  11. Web site: Galliard Homes joint venture acquires 1,500-home Greenwich Peninsula scheme . Housing Today . 8 January 2024.
  12. Web site: Spiralling costs stall London housing projects. Financial Times. en-GB. 18 January 2017.
  13. Web site: GALLIARD HOMES LIMITED. Companies House. Gov.uk. 6 September 2016.
  14. Web site: Singapore's Oxley buys 20% stake in London homebuilder Galliard for £50m. 16 July 2015. Ibtimes.co.uk. 3 October 2016.
  15. Web site: New £750m Shoreditch development centred around remains of Shakespearean theatre. 8 February 2016. The Telegraph. 20 March 2017.
  16. [Royal Institution of Chartered Surveyors|RICS]
  17. Web site: Galliard Homes signs government’s post-Grenfell safety contract . 2023-05-09 . Inside Housing . En.