Telford Homes announced interim results this week

December 2, 2016

Telford Homes Plc, the residential property developer focused on non-prime London, announced this weekÿ its interim results for the six months ended 30 September 2016.

Jon Di-Stefano, Chief Executive of Telford Homes, commented:ÿ “Telford Homes is in a very strong position with over œ700 million of forward sales secured and a substantial development pipeline.ÿ The recent launch of City North in Finsbury Park exceeded our expectations achieving over 70 sales at higher than anticipated prices and proving that the right product in the right location remains attractive to buyers.”

ÿ”The Group is extending its involvement in the build to rent sector and expects an increasing number of opportunities to secure revenues and earn higher capital returns through forward funding arrangements with institutional investors.ÿ Overall we are well positioned to deliver on our targets of achieving more than œ50 million of annual pre-tax profit by 31 March 2019 and doubling the size of the business over the next five years.”

Read the interim results for Telford Homes in full click here

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