Telford Homes, Notting Hill Genesis and London BTR Investments, a joint venture between EQT Exeter and Sigma Capital Group, have exchanged on a £66m forward sale of the build-to-rent element of the Gallions Quarter site at Royal Albert Wharf, E16.
The project comprises two buildings offering a total of 132 homes for market rent, which will be managed under Sigma’s Simple Life London brand.
An additional 135 homes will be offered as shared ownership and affordable rented properties.
Charlie Weatherill, capital markets director at Telford Homes, said: “The closing of this transaction during a period of such macro-economic uncertainty underpins our strong conviction in the performance and resilience of the UK’s BTR sector – which continues to witness exceptional occupier demand – while new supply is increasingly constrained by continued economic uncertainty and ever more regulatory burdens.”
John Hughes, group director of development and deputy chief executive at Notting Hill Genesis, added: “We are very pleased to have secured further investment to support our long-term goal of regenerating this amazing and historic area.”
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