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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Telford Homes Plc | LSE:TEF | London | Ordinary Share | GB0031022154 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 349.50 | 349.50 | 350.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTEF
RNS Number : 9487Z
Telford Homes PLC
20 December 2017
20 December 2017
Telford Homes Plc
('Telford Homes' or the 'Group')
Acquisition of prominent site in Walthamstow
Telford Homes Plc (AIM: TEF), the residential property developer focused on non-prime London, is pleased to announce that it has exchanged and completed contracts with U+I and Parkdale Investments Ltd for the purchase of a significant residential-led development site situated in Forest Road, Walthamstow, E17 for total consideration of GBP33.9 million.
The 3.16 acre Equipment Works site in the London Borough of Waltham Forest benefits from detailed planning consent for 257 open market homes, 80 affordable homes and 18,830 square feet of flexible commercial space. Whilst the development can be marketed for individual sales the Group expects to explore entering into a build to rent transaction for the delivery of the open market homes in the new year and will undertake the detailed design accordingly.
The site is serviced by excellent transport links being situated within 150 metres of Blackhorse Road station on the Victoria line and London Overground. Vacant possession is expected by April 2018 and Telford Homes intends to commence work in Autumn 2018 with completion anticipated in late 2021.
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."
- Ends -
For further information:
Hot Features
Premium
Telford Homes Plc
Jon Di-Stefano, Chief Executive
Katie Rogers, Financial Tel: +44 (0) 1992
Director 809 800
Guy Lambert, Head of Corporate www.telfordhomes.london
Communications
Shore Capital (Nomad and
Joint Broker)
Dru Danford / Patrick Castle Tel: +44 (0) 20
7408 4090
Peel Hunt LLP (Joint Broker)
Charles Batten / Capel Irwin Tel: +44 (0) 20
7418 8900
Media enquiries:
Buchanan (PR Adviser)
Henry Harrison-Topham / Tel: +44 (0) 20
Victoria Hayns 7466 5000
telfordhomes@buchanan.uk.com www.buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQURSARBNAUUAA
(END) Dow Jones Newswires
December 20, 2017 06:48 ET (11:48 GMT)
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