Telford Homes has cleared a major hurdle in its bid to develop a major mixed use scheme in East London.

The constructors today confirmed it has exchanged contracts with Sainsbury’s for the conditional purchase of a 4.82-acre site in Ilford. 

The site benefits from an existing residential led planning permission, which the partnership anticipates enhancing to deliver in excess of 1,000 new homes, being a combination of build to rent and affordable housing, alongside commercial space and a new purpose-built Sainsbury’s Local store.  

Jerome Geoghegan, Group Land & Planning Director at Telford Homes, comments, “We are delighted to be working with Sainsbury’s and to have exchanged contracts on this significant site in Ilford. The area is on the cusp of significant regeneration, driven by the opening of Crossrail next year, which is attracting new residents from across the capital.

“With rental demand already outstripping supply, this acquisition represents a significant growth opportunity as we continue to expand our build to rent pipeline. We believe this opportunity has all of the characteristics to enable Telford Homes to deliver a best-in-class product in Ilford.” 

Ambitious regeneration plans are underway across Ilford and the growth of the area is being supported by the planned opening of Crossrail in 2022.  The site is located within a three-minute walk of Ilford Station, providing direct links to key interchanges at Stratford and Liverpool Street. 

Sainsbury’s Property Director Patrick Dunne added: “We have a proud history of serving the Ilford community and we’re partnering with Telford Homes to deliver a renewed vision for Chapel Place. We’re committed to working with the community to ensure this development meets their needs now and for the future.”