Telford Homes PLC Preferred partner for 236 homes in South Kilburn (1813E)
May 04 2017 - 5:15AM
UK Regulatory
TIDMTEF
RNS Number : 1813E
Telford Homes PLC
04 May 2017
4 May 2017
Telford Homes Plc
('Telford Homes' or the 'Group')
Selected as preferred partner for 236 new homes in South
Kilburn, NW6
Telford Homes Plc (AIM: TEF), the residential property developer
focused on non-prime London, is pleased to announce that it has
been selected by the London Borough of Brent as their preferred
partner to redevelop Gloucester House and Durham Court, a
significant residential development site situated between Cambridge
Road and Kilburn Park Road in South Kilburn, NW6.
The 3.2 acre site, which is located 100 metres from Kilburn Park
underground station, has detailed planning permission and
represents the second phase out of a four-phase masterplan for the
regeneration of South Kilburn. The development will deliver 124 new
open market homes, 102 affordable social rent homes and 10 shared
equity homes in buildings ranging from four to eight storeys
high.
The consented scheme has been designed by Fielden Clegg Bradley
Studios working with Alison Brooks Architects, Gort Scott
Architects and Grant Associates and has recently been shortlisted
for a Housing Design Award 2017. The gross development value of the
scheme is expected to be circa GBP95 million and the Group intends
to commence work on site later in 2017 with completion anticipated
in 2021.
The Group will make a further announcement upon entering into
formal legal documentation with the London Borough of Brent.
Jon Di-Stefano, Chief Executive of Telford Homes, commented: "We
are delighted to have been selected as the preferred partner of the
London Borough of Brent for the redevelopment of Gloucester House
and Durham Court. South Kilburn is undergoing major regeneration
and our involvement represents the start of an exciting new
relationship with Brent and our first development in the Borough.
We look forward to exchanging contracts in the near future and
commencing work on site later this year."
- Ends -
For further information:
Telford Homes Plc
Jon Di-Stefano, Chief Executive
Katie Rogers, Financial Tel: +44 (0) 1992
Director 809 800
Guy Lambert, Head of Corporate www.telfordhomes-ir.london
Communications
Shore Capital (Nomad and
Joint Broker)
Dru Danford / Patrick Castle Tel: +44 (0) 20
7408 4090
Peel Hunt LLP (Joint Broker)
Charles Batten / Capel Irwin Tel: +44 (0) 20
7418 8900
Media enquiries:
Buchanan (PR Adviser)
Henry Harrison-Topham / Tel: +44 (0) 20
Victoria Hayns 7466 5000
telfordhomes@buchanan.uk.com www.buchanan.uk.com
Notes to Editors:
South Kilburn Regeneration
The South Kilburn Regeneration is a 15 year programme to provide
2,400 new homes, improved open space, a new primary school, health
facilities, retail and improved environmental standards including a
site wide energy solution. The vision of the London Borough of
Brent is 'to transform the area into a sustainable and mixed
neighbourhood and create a real sense of place and belonging.'
This information is provided by RNS
The company news service from the London Stock Exchange
END
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