Under the agreement, Telford has purchased the site and will carry out a mixed-use development of the site to comprise up to 342 homes as well as 11,194 square feet of office space and 7,475 sq ft of retail space. Telford will take the residential element of the scheme, with Caraeno retaining the office and retail elements.
“This land acquisition further strengthens our presence within the Stratford area," said Telford Homes chief executive Jon Di-Stefano according to the reports. He said the developer had experienced "a demand for high quality residential properties within this well-connected part of London".
“We are genuinely excited by the prospect of partnering with Telford Homes," said Caraeno founding director Paul Anthony. "We see this as an important site with many challenges and opportunities to deliver a high quality mixed-use scheme with a strong sense of place that will benefit the borough for years to come."
