Telford Homes sells east London site to Greystar

By Hamish Champ2019-02-19T12:28:00

£105m development deal will result in more than 300 rental homes

Telford Homes has sold a site in east London it bought two years ago to a joint venture which includes US rental housing specialist Greystar.

The £105.5m deal for the three-acre site in Waltham Forest is the third transaction between Telford Homes and Greystar, which has partnered with real estate investment firm Henderson Group to develop the land.

The site, which cost Telford £34m two years ago, has planning for 337 new rented homes, including 80 affordable homes, and nearly 19,000ft² of commercial space.

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