Telford Homes has appointed Savills to help find a long-term funding partner for PRS opportunities in its portfolio.
Chief executive Jon Di-Stefano said that forward selling remains a core part of its business model, which reduces risk and increases visibility while insulating it from short-to-medium-term instability.
“We have previously reported the possibility of forming a longer term partnership with at least one investor and we continue to believe this will be the most productive way of delivering increased build to rent development in the future,” he said.
“We are determined to find the right investor to fit with our London focus and with a long-term commitment to the sector. Therefore, we have instructed Savills to assist us in this process and we expect to make significant progress before the end of 2018.”
Telford has previously forward sold schemes to L&Q, M&G and Notting Hill.
To send feedback, e-mail alex.peace@egi.co.uk or tweet @egalexpeace or @estatesgazette
