The first contract is for the £35.4m first phase of a four-phase development at Devon's Road in Bow, which will initially create 259 mixed-tenure homes. The works also include 1,585 square metres of commercial space, associated external works and landscaping.
The second contract is for the redevelopment of the former Plaistow Hospital site in Newham. This £24.9m project will bring to reality the winning design of an international competition that Peabody ran to celebrate its 150th anniversary. The scheme consists of 168 mixed-tenure homes, as well as the restoration of historic hospital buildings and creation of new-build homes at the site. The scheme is expected to achieve Code for Sustainable Homes Level 4.
Galliford Try chief executive Greg Fitzgerald said: "We are delighted to have once again demonstrated the strength of our offering in London as an affordable housing contractor. We look forward to working with Peabody to realise their vision for these two major schemes in East London."