Firm looking to start work on Walthamstow site next autumn

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Telford Homes has acquired a residential-led development site in Walthamstow, east London for £33.9m.

The 3.16 acre site Equipment Works site on Forest Road in the borough of Waltham Forest has detailed planning consent for 257 open market homes, 80 affordable homes and 18,830ft2 of commercial space.

Telford Homes said that while the development can be marketed for individual sales, it expects to look at entering into a Build to Rent transaction for the delivery of the open market homes in the new year, and will undertake design accordingly.

The site is 150m away from Blackhorse Road station, which serves the Victoria line on the Underground and London Overground.

Vacant possession is expected by April. The housebuilder is intending to start work next autumn with completion expected in late 2021.

Jon Di-Stefano, chief executive of Telford Homes, said: “This acquisition not only adds to our substantial development pipeline, but should further enhance our reputation as a significant developer of build to rent housing in London.”

In April, Telford exchanged contracts for the purchase of Stone Studios, a residential-led mixed-use development in Hackney Wick, east London.