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

Caldwell Construction collapses into administration

Insolvency specialist PKF Littlejohn appointed after rescue talks fail
2 days ago

£56bn hospital programme on track but delivery risks remain

NAO warns tight schedules and staff shortages could derail later waves
1 day ago

Modular firm backs ‘new chapter’ for Merit

Directors form new company after original offsite business crashed owing suppliers millions
1 day ago

A9 dualling switches to £1.9bn framework model

Bidding set to start for framework to deliver final five Highland sections
2 days ago

Kier set for £21m Edinburgh towers upgrade

15-storey buildings to get insulation upgrade
1 day ago

Rebar giant loses high court fight to save Chatham Docks base

High Court rejects judicial review paving way for Basin3 business park redevelopment
1 day ago

Heathrow kicks off third runway pre-planning design work

Airport targets 2029 consent with key policy calls looming in 2026
2 days ago

Civils firm Caldwell Construction files administration notice

Hundreds of workers sent home as Midlands firm says it is trying to find an investor
2 days ago

CW Plant Hire kit goes under hammer in fleet renewal sale

Euro Auctions to sell off used equipment next month
2 days ago

Henry creditors payout hangs on £31m family legal fight

Administrators say trade creditor dividend hinges on lawsuit against Henry directors and family
2 days ago

Ex-directors buy back Boutique Modern in £24k pre-pack deal

Modular housing firm reborn as BM Modular but creditors face £4.3m shortfall
2 days ago

Autumn Budget jitters knock construction output back

Uncertainty ahead of November statement triggers biggest quarterly fall since early 2023
2 days ago

Industry standards body racks-up huge loss

Accounts query invoices from firms linked to former leaders
3 days ago

Taylor Wimpey braces for margin squeeze this year

Lower opening order book and weaker margins shape cautious outlook
2 days ago

Green light for Ballymore 1,685 homes site

Go-ahead for latest redevelopment site in Royal Docks
2 days ago

Building boss fined for ignoring safety warnings

Court hands out fines after catalogue of safety concerns on pub conversion job
3 days ago

Treasury unlocks £1.1bn to revive Northern Powerhouse Rail

Cash to kick off design work on £45bn scheme ahead of 2030s build
4 days ago

Kier Construction appoints new southern region chief

Former Bouygues regional MD John Boughton joins Kier
3 days ago

Vistry saved by second half margin rebound to 8.4%

Cost control, site mix and partnership housing drive margin rebound
3 days ago

USA contractor acquires London super-prime specialist

Remian looks to expand in UK with deal for construction manager Rossco
3 days ago

McLaren takes 256-bed Leeds student tower job

Developer Pullans gets green light for Joseph’s Well student scheme
4 days ago

Milton Keynes plans £76m events venue

Operator chosen for 4,000-capacity scheme
3 days ago

Tower crane drivers set to strike

SItes could stop amid pay row with Wolffkran
4 days ago

Winvic wins £340m M&S mega shed at DIRFT

Low-carbon Midlands 1.3m sq ft twin sheds set to anchor food growth plans
5 days ago

Father-of-six dies in demolition site tragedy

Fatal accident while demolishing flats in Renfrewshire
5 days ago

Persimmon builds momentum with 12% jump in completions

House builder warns there will be no material uplift in market this year
4 days ago

Henry Boot seals planning for Goole 5.5m sq ft freeport

HBD partnership targets start on site this year for £130m first phase
4 days ago

FP McCann buys roofing products firm Easy-Trim

Concrete specialist acquires firm out of administration
4 days ago

Trade body BESA boots out five more firms in standards purge

Building engineering services body chief says race to the bottom is over
5 days ago

Bidders day set for £4.5bn Southern Construction Framework

Around 20 contractors brace for fight to retain places on sixth-generation mega deal
5 days ago