Two leading developers acquired West London development site for build-to-rent purposes
Two leading developers plan to provide more than 400 new homes and 45k square feet of commercial space. The partnership has bought this West London site from a prestige housebuilder Redrow.
More than 200 new homes for sale were set to be delivered at the site initially. As for now, the partnership plans to provide BTR homes with 209 of them to be affordable rent or for shared ownership.
There is a wider regeneration underway in Brentford. New Brentford Community Stadium opened on September 1 last year and is within walking distance from the site. The developers will work together to carefully integrate their project with the promising and evolving surrounding area.
Jerome Geoghegan from Telford Homes says that they think of the BTR scheme as the future of growing housing development in London. More and more Londoners are considering rental offers due to the greater flexibility and affordability they provide. He says that the latest purchase of the development site will support the supply of high-quality rental homes in London, offering the buyers decent alternatives to owning a property.
He adds that they expect the rental property market to grow more and more successful and attractive and become essential for London's recovery from the pandemic.