22 Jun Greenstone completes deal to acquire 155 affordable homes in Brent

Greenstone Property Developments has purchased 155 new affordable homes in Brent from Telford Homes.

The homes sit on the former Alperton Bus Garage which was acquired by Telford Homes in November 2021 to deliver 461 new homes.

The scheme will include a mix of build-to-rent and affordable units as well as retail and public realm improvements.

Greenstone will acquire the affordable arm of the scheme.

The development will include 27,448 sq ft of industrial space to be known as Alperton Yard, which will support small businesses and creative industries.

Construction has begun and is expected to complete in 2025.

James Geoghegan, group land and planning director at Telford Homes, said: “We’re delighted to have completed this deal with Greenstone which will bring much-needed affordable homes to the area.

“The Alperton Bus Garage development perfectly encapsulates our vision to create the homes and sustainable communities the capital needs and, with the support of Greenstone and Brent Council, we look forward to transforming this previously industrial site into a vibrant residential and community space.”

Ryan Mitchell, managing director at Greenstone, added: “Brent Council has a significant housing need and we are pleased to bring this affordable housing development to the market. We look forward to working together with Telford in the next stage of delivery.”