Nine Elms Park
20/06/2019 by Buildington
Telford Homes Plc has entered into a full design and build contract with Henderson Park and Greystar to deliver 894 build to rent homes at Nine Elms Park.

The contract follows on from the 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.

The phased development is expected to be completed in late 2024 and will provide extensive resident amenities all within walking distance of two stations on the extended Northern Line and close to the new US Embassy.

The contract sum is £276.4 million with monthly payments to be made in accordance with work undertaken and a final payment on completion.

Jon Di-Stefano, Chief Executive Officer of Telford Homes, commented: “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.”
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