International Way is a new development on a 1.14-acre site in Stratford, London E20.
The development will include 380 new homes, made up of 247 build to rent apartments and 133 affordable homes, alongside office and commercial space. There will also be an extensive communal amenity space including a resident’s lounge, terrace and gym.Disclaimer
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Telford Homes and Legal & General have completed a forward-funding deal to deliver a bespoke, high quality Built to Rent (BtR) development at International Way.
The parties have adopted an innovative transaction structure whereby the total consideration payable to Telford Homes is linked to the ultimate performance of the completed BtR development. The development is expected to be worth at least £150m.
Legal & General Investment Management (LGIM) will forward fund the entirety of the BtR element of the project on behalf of its Legal & General Retirement (LGR) business. Legal & General will own and operate the completed scheme which will comprise 247 purpose-built BtR homes, 54 discounted market rent homes, high-quality retail and commercial space and an exceptional amenity offering including a concierge, lobby, gym, rooftop gardens and terraces. L&G Affordable Homes will also acquire and manage the 79 London Affordable Rent homes within the project, to create a fully inclusive, multi-tenure offering, to the benefit of all residents.
Construction has and is set to be completed during 2025.
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