Telford Homes snaps up 270-home site near Wembley

Aaron Morby 7 years ago
Share

Telford Homes has bought part of a resi-led mixed-use development site near Wembley in London for £28m.

Work to start next spring on Greenford canal-side scheme in north west London
Work to start next spring on Greenford canal-side scheme in north west London

The Greenford scheme, owned by developer Greystar, on the banks of the Grand Union Canal has planning consent for 1,965 homes along with retail space, restaurants and cafes, leisure facilities, flexible work space and a two-form entry primary school.

Around 70% of the homes will be delivered as build-to-rent by Greystar ,the remainder are for individual sale and affordable housing.

Telford Homes has acquired part of the site to deliver 194 homes for individual open market sale at an average selling price of circa £500,000 and 84 affordable homes for shared ownership.

The London house builder intends to start work on site in mid 2019 with completion anticipated in 2022.

Jon Di-Stefano, Chief Executive of Telford Homes, said: “We are delighted to have exchanged contracts to acquire our first site in the London Borough of Ealing.

“We have an excellent relationship with Greystar which has allowed them to place their trust in Telford Homes to deliver an important part of this flagship scheme.

Mark Allnutt, Greystar Senior Managing Director, UK said: “Greenford is a strategically significant site for Greystar and the location for an exciting mixed-use, rental-led housing development. Telford Homes share our vision for a dynamic canal side neighbourhood and we look forward to working together to create a vibrant community in west London.”

 

Latest news

Major Building Safety Regulator shake-up to end tower delays

HSE stripped of control and top fire chiefs brought in to fast-track stalled schemes
15 hours ago

Fox buys recycled asphalt specialist Fisher

Acquisition adds major recycled asphalt capacity in north west
8 hours ago

First steel goes up on giant car battery site

Severfield gets to work on McAlpine Somerset site
9 hours ago

Construction comeback to outpace wider economy

Arcadis forecast fueled by spending review optimism
12 hours ago

Hinkley trio sign Sizewell civils deal

Balfour,Bouygues and Laing O'Rourke form Civil Works Alliance for new power station
15 hours ago

£3.9bn data centre plan for Ravenscraig steelworks

Green energy to power massive new steel to silicon AI campus
16 hours ago

Breakthrough on HS2’s second longest tunnel

8.4 mile Northolt to Old Oak Common drive completes
16 hours ago

Neilcott on fast-track to debt-free employee ownership

£22.5m loan nearly paid down after big profit year
14 hours ago

TfL kicks off race for £700m Tube station upgrade

South Kensington and Elephant & Castle top the pipeline list
16 hours ago

Corbyn Plant Hire fleet goes under the hammer

Kit to be sold off by sister firm to collapsed groundworks contractor
15 hours ago

Government wields procurement stick on late payment

New rules would block slow payers from bidding on big public jobs
4 days ago

Hercules buys power line labour firm for £15.7m

Labour supply specialist snaps up Advantage NRG to tap booming electricity upgrade market
4 days ago

Universal bid to fast-track planning for theme park

Entertainment giant eyes 2026 start at Bedford site
4 days ago

Developer Breck to transform former Ibstock brick factory

Ravenhead works to become 300-home development
4 days ago

SP Energy Networks awards contracts worth £1.4bn

First round of awards under £5.4bn national electricity grid upgrade programme
5 days ago

Travelodge to convert Liverpool Street office building

Office-to-hotel conversion in City of London
4 days ago

Plans lodged for 1m sq ft City of London office

Barbican landmark building will reuse 40% of existing structure
4 days ago

PTSG acquires roofing specialist HD Sharman Group

Premier Technical Services Group expands building maintenance division
4 days ago

Balfour Beatty lands £833m carbon capture power plant job

Work to start later this year on Teesside carbon capture gas-fired power station
5 days ago

Svella agrees deal to save Cubby Construction

Solvent purchase set to save 214 jobs and protect supply chain
5 days ago

J Coffey holds line on margins despite £52m revenue slide

Pre-tax profit down 14% but firm eyes strong pipeline to bounce back
5 days ago

Consultants called up for £2.3bn NHS SBS panel reboot

Market asked for views ahead of next-gen procurement rollout
5 days ago

Hochtief launches new UK data centre division

German business model to be introduced for UK construction
5 days ago

Construction skills body launches with 100,000 worker target

Industry to work closer with Jobcentres to find new talent
5 days ago

Kier lands £42m Midlothian school and community hub

Contractor strengthens presence in Scotland with big education job
5 days ago

BESA audit blitz sees 14 specialist contractors suspended

Building engineering services trade body cracks down on standards
6 days ago

Engineers pull-off 220m HS2 viaduct slide in 3 days

Five-structure Northants sequence ends with 1,300t deck slide - video
6 days ago

Managing Director moves to advisory role at Shufflebottom

Alex Shufflebottom steps-down after acquisition by Embrace
6 days ago

JV North unveils winners of £500m housing blitz

Consortium gears up to deliver 3,000 new homes across North West
6 days ago

Partnerships builder Keepmoat names new chief executive

Ian Hoad to take reins as Tim Beale steps down after eight years
6 days ago