Telford Homes has exchanged contracts to buy the former London Electricity Board Building on Cambridge Heath Road, E2, from the London Borough of Tower Hamlets for £30.2m.
Telford intends to build a £95m residential-led mixed-use scheme on the 0.9-acre site next to Bethnal Green Underground Station.
Subject to the planning, it expects to start in 2018, with completion anticipated in 2021.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
