A deal has been agreed to construct 894 new build to rent homes in Battersea, South West London.

Telford Homes secured a £276 million design and build contract from Henderson Park and Greystar for the development, following a pre-construction development agreement signed in June 2017.

After securing a detailed planning consent, Henderson Park and Greystar have now completed the purchase of the land from Royal Mail Group Limited.

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Jon Di-Stefano, Chief Executive Officer of Telford Homes, said: "We are delighted to be building this exciting scheme for Henderson Park and Greystar. We have been working on the detailed design for some time such that we can immediately start work on site. We continue to make progress against our objective to increase the Group's output of build to rent homes in London, and this contract with Henderson Park and Greystar, with whom we have a strong relationship, highlights our position as a trusted partner at the forefront of this fast growing sector."

The phased development is expected to be completed in late 2024.

(CM/JG)