The new Thames Valley head office will operate under the brand of Linden Homes Oxford brand. It already has a temporary office in Abingdon, Oxfordshire, but is looking to move to more permanent accommodation in Oxford during 2011.
Galliford Try is looking to grow its land bank and put to use the £119.3m raised under the 2009 rights issue. Linden Homes Oxford has been created as part of the expanded group infrastructure that is being established so sales can be increased to over 3,000 homes in 2012.
The strategy is led by Greg Locke, divisional managing director of Galliford Try Homes. Locke was previously chief executive of David Wilson Homes and a main board director of both Wilson Bowden Plc and Redrow Plc.
Locke said: “I joined Galliford Try because I was excited by the challenges that would need to be addressed in helping it to achieve its ambitions for the house building division and to establish a fully fledged regional base in Oxford.
“Linden has previously completed some very successful developments in this area and now sees opportunities to develop its brand and its potential throughout the Thames Valley. To my mind the time is right and opportunities will be there to fulfill the objectives within quite a short time frame.”
Linden Homes Oxford has already exchanged conditional contracts on two opportunities, in Shrivenham, Oxfordshire and Woolton Hill, Newbury.