TIDMTEF

RNS Number : 9667Z

Telford Homes PLC

20 December 2017

 
   20 December 2017

Telford Homes Plc

('Telford Homes' or the 'Group')

Exchange of contracts with the London Borough of Brent

Telford Homes Plc (AIM: TEF), the residential property developer focused on non-prime London, is pleased to announce that it has today exchanged contracts with the London Borough of Brent for the redevelopment of Gloucester House and Durham Court, a significant residential development site situated between Cambridge Road and Kilburn Park Road in South Kilburn, NW6. This follows the announcement made by the Group on 4 May 2017.

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 gross development value of the scheme is expected to be circa GBP95 million and work is already underway on site with completion anticipated in 2021.

- 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 20, 2017 09:10 ET (14:10 GMT)

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