Telford Homes (AIM:TEF) – all is well in the world of London residential property
The London focused residential property developer issued an upbeat AGM statement confirming that it is continuing to experience very strong demand from investors, tenants and owner-occupiers across all of its developments.This property developer looks well placed to continue to benefit from the growing demand in the London area.
The most recent evidence of this is the successful launch of the 148 open market homes at Bermondsey Works, SE16 where 94 sales were achieved during June 2015 with a total value of £44m. The Group has secured 218 open market sales since 1 April 2015 and the total value of all forward sales secured and due for completion in the year to 31 March 2016 onwards is now over £620 million, more than three and a half times the revenue reported last year. Management also stated how it expects the demand for somewhere to live in London to…