Telford splashes out £28m on land at Greystar scheme

By Hamish Champ2018-11-05T14:46:00

Housebuilder buys chunk of site being developed in west London by US retail estate giant

Telford Homes has agreed to buy part of a 20-acre site in west London owned and currently being developed by US real estate group Greystar for £28.4m in order to build more than 250 homes.

The housebuilder plans to build 194 homes for private sale at an average selling price of around £500,000 and 84 affordable homes for shared ownership on the land, which is located along the banks of the Grand Union canal at Greenford, near Northolt.

The mixed use development has already received planning consent and will feature 1,965 mainly build-to-rent homes as well as restaurants, cafes, retail outlets and leisure facilities.

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