Greystar sells Building 3 Oldfield Lane North, Greenford, London to Telford Homes for £28.4 million ($36.4 million)
Clients Greystar Real Estate Partners, LLC
Jones Day advised Greystar Real Estate Partners, LLC in its £28.4 million ($36.4 million) sale of Building 3 Oldfield Lane North, Greenford, London to Telford Homes Plc. Building 3 is part of a 20 acre development mixed use scheme on the banks of the Grand Union Canal, which has planning consent for 1,965 homes along with retail space, restaurants and cafes, leisure facilities, flexible work space and a two-form entry primary school. Whilst around 70 percent of the homes are to be delivered as build to rent by Greystar, the remainder are for individual sale and affordable housing. Telford Homes has acquired part of the site to deliver 194 homes for individual open market sale.