BTR development

Henderson Park and Greystar acquire east London BTR development



Henderson Park and Greystar Real Estate Partners have acquired a significant build-to-rent development in Walthamstow, east London.

The partnership has exchanged contracts with Telford Homes PLC to acquire all 257 market rental homes within the Equipment Works development site for £105.5m.

Telford Homes originally acquired the site in December 2017, and has full planning permission for 337 new homes, including 80 affordable homes and 18,830 sq ft of flexible commercial space.

“The demand for housing in London continues to outstrip supply and with home ownership at unaffordable levels for many people, the need for new rental homes is growing rapidly,” said Nick Weber, founding partner of Henderson Park.

“This exciting development is in an area experiencing significant regeneration and will bring first-class homes to the community of Walthamstow.

“We are also pleased to be working to deliver this scheme with Telford Homes and Greystar, with whom we are also working with on other projects across London, which will offer an attractive solution to renters in the capital.”

Telford Homes was advised by the Residential Capital Markets team at CBRE.


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