StockMarketWire.com - Telford Homes announced that it has been selected by the London Borough of Brent as their preferred partner to redevelop Gloucester House and Durham Court, a residential development site situated between Cambridge Road and Kilburn Park Road in South Kilburn.

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.

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."




At 3:00pm: [LON:TEF] Telford Homes PLC share price was -0.87p at 414.13p



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