Construction News

11/02/2019

Telford Homes Acquires Stratford Site In £20m Deal

Property developer Telford Homes has acquired a site on International Way in Stratford for £20 million.

The 1.14-acre site was purchased from LCR, the Department for Transport and HS1.

If satisfactory planning consent is confirmed, the deal will bring 380 homes to the area, with half of the properties available as subsidised affordable housing.

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Jon Di-Stefano, Chief Executive Officer of Telford Homes, commented: "I am delighted that Telford Homes has exchanged contracts on another acquisition involving LCR and HS1 Limited. We have enjoyed considerable success in Stratford developing more than 1,750 homes in the area over the last twelve years. This site is really well located next to the International station and Westfield, and is an excellent addition to our development pipeline."

(CM/JG)

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