Telford Homes - Sale of significant build to rent development for £105.5M

TEF Tue, 19 Feb 2019, 08:00 GMT

Telford Homes, the London-focused residential property developer, is pleased to announce that it has exchanged contracts for the sale of its Equipment Works build to rent development site in Walthamstow, E17 to a joint venture between Henderson Park and Greystar for a net consideration of £105.5 million. The sale is on a forward-funded basis and will comprise an initial land payment followed by regular payments throughout the construction period and a final profit payment.