<p>Galliford Try has bought out Bank of Scotland's 50% stakes in four joint ventures developing schemes valued at £154 million as GT continues to expand its housebuilding operations.</p> <p>The joint ventures are Sentient Ventures, Linden London, Linden Homes Eastern Newhall and Linden St Albans. They are developing sites in Colchester, Harlow, Hammersmith and St Albans totalling 742 plots with work in progress of £15 million.</p> <p>The purchase is for a nominal £4 but Galliford Try will settle loans from the Bank of Scotland to the JVs of £42.5 million.</p> <p>"This acquisition helps to drive our housebuilding expansion plans forward strongly and, with the acquisitions of Rosemullion Homes and the assets of Wright Homes completed in 2009, demonstrates our ability to bring attractive opportunities to fruition." </p>