Telford Homes begins redundancy consultations

CBRE-owned developer Telford Homes has begun a redundancy consultation as it shifts its strategy. Up to 30 jobs are thought to have been affected, as the firm seeks to pivot from using in-house contractors towards partnerships with external general contractors. The developer recorded a £193m loss for the year ending December 2022. It has seven projects in construction, which it intends to develop within a two-year timeframe. Telford said it is refocusing its approach after several years of “significant headwinds and challenging market conditions”. A spokesperson for Telford said: “To adapt to the changing environment and position the business for sustained growth, Telford Homes is evolving from self-delivering construction projects to partnering with best-in-class, external general contractors. “While our ongoing existing projects will be delivered as planned and we continue to explore options for the long-term future of our self-delivery business, our workforce is being realigned to support this go-forward strategy. “This strategy allows Telford Homes to operate with the benefit of all the market’s resources, enabling the scalable delivery of homes and helping alleviate the shortage of housing in London.”