Institutional investment in build-to-rent homes could make up half of Telford Homes developments in the coming years, its chief executive has said, as it reports that a lack of housing supply in London will boost its revenue and profits to record levels this year.
Telford, which specialises in developing affordable homes in inner London boroughs, also said the ongoing shortage of cheaper homes typically costing less than £600,000 and demand from foreign buyers, meant it expected pre-tax profits to be up 30% this year at £45m.
It has more than 4,000 homes in its pipeline, 500 of which are for investors wanting a ready-made rentable portfolio.
