Telford Homes to start 260 London rental homes scheme

Aaron Morby 1 year ago
Share

Telford Homes secured another forward funding deal with long-term rental specialist Greystar to deliver a near 260 homes build-to-rent scheme at Walthamstow in East London.

Greystar in Partnership with European real estate business Henderson Park partnership will pay £105.5m for the Equipment Works scheme.

Telford Homes will receive an initial land payment followed by regular payments throughout the construction period and a final profit payment.

The 3.16 acre site in the London Borough of Waltham Forest was purchased by Telford for £40m two years ago and has full planning consent for 337 new homes including 80 affordable homes and 18,830 square feet of flexible commercial space.

 

The development designed by DLA Architecture is separated into two buildings; the main building and workshop building. The main building comprises the residential units in reinforced concrete framing up to 10 storeys high.

The lightweight steel frame workshop building comprises flexible areas suitable for either retail or restaurant use on the ground floor with flexible office space above.

The site is situated within 150m of Blackhorse Road station on the Victoria line and London Overground.

Jon Di-Stefano,chief executive officer of Telford Homes, said: “We are delighted to have secured another forward-funded, build to rent sale and especially to have further cemented our strong relationship with Greystar.

“This transaction demonstrates our increasing commitment to London’s growing build to rent market and underpins our strategy to continue to scale our build to rent pipeline while providing certainty over future revenues and cash flows and delivering excellent returns on capital.”

It is the third time Telford has worked with Greystar following the recent land purchase at Greenford, UB6 and the partnership to deliver 894 rental homes at Nine Elms, Battersea.

Latest project news

BAM Nuttall wins Brent Cross South infrastructure

Contractor wins 15-year deal for North London new town centre infrastructure
11 months ago

BAM wins £30m Dawlish sea wall rebuild

Work to start later this month on 2.5m taller sea defences
11 months ago

ISG set for £50m Swansea student tower

Work to start on 780-room student accommodation for Fusion
11 months ago

BAM set for £40m Salford trauma centre

Salford Royal NHS Foundation Trust is seeking full business case approval
11 months ago

Kier wins £253m Midlands prison job

Work to start next month on new Wellingborough prison in Northamptonshire
11 months ago

Balfour Beatty set for Midland Met finishing deal

NHS Trust close to deal with Balfour Beatty within £267m budget
11 months ago

Six share £750m Network Rail signalling deals

VolkerRail, Atkins and Colas among big winners
11 months ago

Morgan Sindall starts main build on £64m sports centre

Construction gets underway on major scheme for Liverpool John Moores University
11 months ago

Wates confirms £60m Commonwealth Games pool win

Enabling works for Sandwell Aquatics Centre to start this summer
11 months ago

Balfour lands £26m Aberdeen terraced gardens upgrade

Work to start this summer on Victorian Union Terrace Gardens project
12 months ago

Galliford Try wins first phase at £6bn Meridian Water

Partnerships division wins race for landmark scheme beating three rival bidders
12 months ago

Osborne confirmed winner of £40m Regent House rebuild

Main construction work to start next month at west London site
12 months ago

McLaren seals first job in £1bn Barking town revamp

Work to start once London Mayor approves twin tower resi scheme
12 months ago

Winners unveiled for £400m Dounreay decommissioning

28 firms named on major nuclear framework: Full list of winners
12 months ago

Eight placed on £200m London Universities framework

Graham, Speller, 8build and Walter Lilly among preferred list
12 months ago

Wills Bros wins £31.5m Maybole Bypass in Scotland

5.2km bypass on A77 in south west Scotland will employ 165 workers at peak
12 months ago

VINCI starts work on new £100m Birmingham hospital

Contractor gets underway on three-year build programme
12 months ago

Four civils firms scoop £2.6bn flood and coastal framework

Kier breaks into Environment Agency preferred contractors list
12 months ago

Dozen firms win £500m City of London deal

Morgan Sindall, Osborne and Speller Metcalfe among winners
12 months ago

Wates starts £24m Shoreham flood defence

Enabling works to pave way for 540-home Free Wharf scheme
12 months ago

Walter Lilly wins £55m London medical HQ project

Renew Group building specialist signs preconstruction services agreement
12 months ago

McGoff replaces Eric Wright on £70m Altrincham scheme

Residential and retail scheme to finally start after three-year delay
12 months ago

Willmott Dixon wins Wolverhampton 266 new homes job

Council picks builder for major city site housing scheme
12 months ago

Bouygues signs off East London town hall deal for £110m

Around 500 workers on site at peak periods.
1 year ago

McAleer & Rushe gets go-ahead for two Maldron hotels

New Birmingham and Glasgow hotels will cost £85m to build
1 year ago

Telford Homes to start 260 London rental homes scheme

House builder forward funds £100m Equipment Works scheme in Walthamstow
1 year ago

April start for Balfour £55m Plymouth link road

Forder Valley Link Road project given £22m of Government funding
1 year ago

Galliford Try bags £275m Ealing council HQ scheme

Mixed-use West London scheme also includes a library and 470 homes
1 year ago

Buckingham confirmed for £120m Swansea arena

Six months of pre-construction work to now get underway
1 year ago

Lendlease wins £8bn Thamesmead development

Morgan Sindall beaten in race for 11,500 home site
1 year ago

Contractor services