Telford Homes confirmed that it has exchanged and completed contracts with U+I and Parkdale Investments for the purchase of a significant residential-led development site situated in Forest Road, Walthamstow for £33.9m.
Jon Di-Stefano, Chief Executive of Telford Homes, commented:
"We are delighted to have completed the purchase of the Equipment Works site in Waltham Forest which we believe represents an excellent build to rent opportunity.
"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."
At 1:28pm: (LON:TEF) Telford Homes PLC share price was +4.25p at 415.25p