Telford Homes, the London-focused residential property developer, has exchanged contracts for the purchase of part of Greystar’s development site in Greenford for £28.4m.
The development, a 20-acre mixed-use scheme on the banks of the Grand Union Canal, close to Wembley, has planning consent for 1,965 homes along with retail space, restaurants and cafés, leisure facilities, flexible workspace and a two-form-entry primary school.
While around 70% of the homes are to be delivered as build to rent by Greystar, the remainder are for individual sale and affordable housing. Telford Homes has acquired part of the site, to deliver 194 homes for individual open market sale at an average selling price of circa £500,000 and 84 affordable homes for shared ownership.
