Joint venture agrees to buy site next to the former Olympic Athletes Village for 拢44m
A joint venture between London housing developers Telford Homes and Notting Hill Housing is plotting a major 400 home development in East London.
The firms announced this morning that they have exchanged contracts to buy a site next to the former Olympic Athletes Village for 拢44m.
Telford said the anticipated revenue for the joint venture from the development of the site was over 拢180m.
Jon Di-Stefano, chief executive of Telford Homes, said the site was a 鈥溾�漟antastic opportunity鈥� to develop in Stratford where the group had 鈥渆xperienced tremendous sales success in recent months鈥�.
He added: 鈥淩eaching our 拢1bn development pipeline milestone [in September] was a significant achievement and building on this so swiftly demonstrates the group鈥檚 considerable future growth prospects.鈥�
No comments yet