Telford Homes Plc expect more build to rent transactions as institutional demand continues to grow

Written by Allen Walkey on - Breaking News -

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.

Mail Sign Branded Emails

Share
 

Recent Popular Articles


New Property website for Dubai and India.


Dubai-based Riveria Global Group has launched a new website 3villaz.com which focuses on properties from Dubai and India, the group has been involved in the


lending for landlords wanting to offer longer tenancies


The Council of Mortgage Lenders (CML) news release yesterday 19th January headlined 'Fact Check: Do lenders really oppose longer tenancies?' The CML points out: As


Seminars across UK by Zoopla Property Group


In their latest news release Zoopla Property Group (ZPG) say they are rolling out a series of seminars for their members at eight locations across


Continued upward pressure on house prices


The substantial imbalance between supply and demand when it comes to purchasing a home is very likely to persist into 2016 according to the Halifax.


Land and property sales in England and Wales submitted to HM Land Registry for registration in March 2017


Latest Price Paid Data March 2017 announcement released yesterday 3rd May 2017 from HM Land Registry. HM Land Registry Price Paid Data tracks land and