Telford Homes Plc the London focused residential property developer, today provides a trading update ahead of its interim results for the six months ended 30 September 2017 which will be released on Wednesday, 29 November 2017.
Leading the highlights section they state: The ongoing acute need for more homes to buy and rent in non-prime areas of London continues to underpin the Group’s longer term growth plans.
Telford Homes Plc reveal they are on track to exceed £40 million of profit before tax for the year to 31 March 2018 in accordance with market expectations.
Jon Di-Stefano, Chief Executive of Telford Homes, commented:
“Telford Homes is operating in affordable locations across London and has an excellent reputation as a trusted partner delivering high quality homes. We are focused on reducing risk through forward sales, limiting our need for external debt finance and delivering higher capital returns and this fits perfectly with our strategic move into the build to rent sector. I expect more build to rent transactions as institutional demand continues to grow alongside continuing open market sales at our well located developments. Our ultimate belief in what we do is underpinned by a chronic lack of supply and we expect to deliver more of the homes that London needs in the coming years.”
Read Telford Homes Trading update 11th October 2017 in full click here.
Author: Allen Walkey
Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.