Sunday, September 20, 2020
International

US property investor Greystar snaps up Royal Mail plots at Nine Elms

US property investor Greystar is plotting two significant new build to rent (BTR) schemes as part of the massive new commercial and residential neighbourhood in and around Battersea Power Station.

The property company has agreed to acquire a pair of plots from Royal Mail for a total cash consideration of £101m at Nine Elms in Battersea, with Telford Homes already signed on a pre-construction agreement to deliver 894 BTR homes at the scheme.

Greystar and Telford will now pursue detailed planning consent for the site which, if approved, will situate it within walking distance of the extended Northern Line and in the same neighbourhood as the new US Embassy.

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