I don't think their name "Telford" indicates where they operate - East London according to Shares.

The current sp 1.50 is more-or-less the price prior to the Olympic Bid, which probably gave the sp a boost, withouit looking to far to the cost involved.

It's been all downhill for the last 12-months - Oooo deary.
The yield isn't good, despite the fall.

From yesterday .....



25 April 2017

Telford Homes Plc
('Telford Homes' or the 'Group')

Acquisition of Stone Studios, E9

Telford Homes Plc (AIM: TEF), the residential property developer focused on non-prime London, is pleased to announce that it has exchanged contracts for the purchase of Stone Studios, a significant residential-led mixed-use development site on Wallis Road, Hackney Wick, E9.

The 1.06 acre site, which is located between Victoria Park and the Queen Elizabeth Olympic Park, has detailed planning permission granted by the London Legacy Development Corporation ('LLDC'). Serviced by excellent transport links, including direct access to the adjacent Hackney Wick Overground station, the area has become a highly desirable location to live and work.

The redevelopment by Telford Homes will deliver 110 new open market homes and 10 affordable homes along with 54,218 sq.ft. of commercial space including 32,540 sq.ft. of affordable workspace. Stone Studios, which has been designed by architects Pollard Thomas Edwards, has been shortlisted for a Housing Design Award 2017. The gross development value of the scheme is expected to be over £80 million and the Group intends to commence work on site later in 2017 with completion anticipated in 2020.

Jon Di-Stefano, Chief Executive of Telford Homes, commented: "Stone Studios is situated in one of London's most exciting and fast changing neighbourhoods and we are delighted to have exchanged contracts for this significant site as it further enhances our already strong development pipeline. The location fits perfectly with our strategy of developing homes for sale in non-prime London and it is particularly pleasing that it already benefits from a planning consent. As a result, we can commence work later this year and deliver much needed new homes as swiftly as possible."

Lovely jubbly ...

4 May 2017

Telford Homes Plc
('Telford Homes' or the 'Group')

Selected as preferred partner for 236 new homes in South Kilburn, NW6

Telford Homes Plc (AIM: TEF), the residential property developer focused on non-prime London, is pleased to announce that it has been selected by the London Borough of Brent as their preferred partner to redevelop Gloucester House and Durham Court, a significant residential development site situated between Cambridge Road and Kilburn Park Road in South Kilburn, NW6.

The 3.2 acre site, which is located 100 metres from Kilburn Park underground station, has detailed planning permission and represents the second phase out of a four-phase masterplan for the regeneration of South Kilburn. The development will deliver 124 new open market homes, 102 affordable social rent homes and 10 shared equity homes in buildings ranging from four to eight storeys high.

The consented scheme has been designed by Fielden Clegg Bradley Studios working with Alison Brooks Architects, Gort Scott Architects and Grant Associates and has recently been shortlisted for a Housing Design Award 2017. The gross development value of the scheme is expected to be circa £95 million and the Group intends to commence work on site later in 2017 with completion anticipated in 2021.

The Group will make a further announcement upon entering into formal legal documentation with the London Borough of Brent.

Jon Di-Stefano, Chief Executive of Telford Homes, commented: "We are delighted to have been selected as the preferred partner of the London Borough of Brent for the redevelopment of Gloucester House and Durham Court. South Kilburn is undergoing major regeneration and our involvement represents the start of an exciting new relationship with Brent and our first development in the Borough. We look forward to exchanging contracts in the near future and commencing work on site later this year."

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