The site is located at the junction of Forest Road and Blackhorse Lane
Residential developer Telford Homes Plc has signed a multi-million-pound deal to acquire land in east London with planning permission for over 300 homes.
The residential-led development site on Forest Road in the Walthamstow area was purchased by the company for £33.9m, after exchanging and completing contracts with property regeneration business U+I and Parkdale Investments Ltd.
The 3.16-acre Equipment Works site has detailed planning permission for 257 open market homes, 80 affordable homes and 18,830 sq ft of commercial space.
Although units in the development can be marketed for individual sale, Telford Homes said it plans to explore the possibility of entering into a build-to-rent transaction for the delivery of the open market element in the new year.
Jon Di-Stefano, the firm’s chief executive, said: “We are delighted to have completed the purchase of the Equipment Works site in Waltham Forest which we believe represents an excellent build to rent opportunity.
“This acquisition not only adds to our substantial development pipeline
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement