Telford Homes has signed a pre-construction development agreement with Greystar to deliver 894 build to rent units at the former Royal Mail site.
Following Greystar's acquisition of the two plots of land, Telford Homes will assist the developer in pursuing a detailed planning consent for the site. Once planning is secured, the pre-construction development agreement will see Telford Homes entering a full design and build contract with Greystar to deliver the development.
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Jon Di-Stefano, Chief Executive of Telford Homes, said: "Telford Homes is becoming established as a significant developer of build to rent housing in London. This increasing reputation is helping the Group to secure major opportunities such as this and we are looking forward to assisting Greystar and building a strong partnership with them.
"This development will represent a substantial increase in the Group's build to rent portfolio alongside existing schemes with M&G Real Estate, L&Q and Folio London, part of Notting Hill Housing Group."
Mark Allnutt, Managing Director Multifamily, Greystar, added: "This will be without question central London's most exciting rental community. There's nothing comparable in the UK in terms of scale and resident amenity. We believe that London is finally ready for a five-star rental experience and we're proud to be bringing this to Nine Elms in partnership with Telford Homes, a housebuilder synonymous with quality."
(LM)
