Galliford Try has won a £38.5m contract to build apartments and commercial units at Wandsworth Riverside Quarter in south west London.

The company will undertake the design and construction of three mixed use buildings on the site for Frasers Property UK.

The project includes 121 luxury apartments, associated affordable apartments and commercial space along with car parking as part of Phase 3A of Riverside Quarter, which overlooks the River Thames. Completion is expected by January 2013.

Galliford Try chief executive Greg Fitzgerald commented: “We are delighted to secure this project which will build on our extensive expertise and experience of delivering quality, mixed tenure projects in the capital.”

This follows the announcement last Thursday that the contractor has seen its fine imposed by the OFT for cover pricing reduced by 84 per cent from £8.3m to £1.4m. The Competition Appeal Tribunal ruled that the fines have been “excessive and disproportionate”.