Telford Homes Plc report that the Group has entered into a full design and build contract with Henderson Park and Greystar to deliver 894 build to rent homes at Nine Elms Park, Battersea, as anticipated in its preliminary results announced on 29 May 2019. This contract follows on from the pre-construction development agreement signed in June 2017. After securing a detailed planning consent, Henderson Park and Greystar have now completed the purchase of the land from Royal Mail Group Limited. The phased development is expected to be completed in late 2024 and will provide extensive resident amenities all within walking distance of two stations on the extended Northern Line and close to the new US Embassy. The contract sum is £276.4 million with monthly payments to be made in accordance with work undertaken and a final payment on completion. The development is already included in reported pipeline of 4,900 homes which is therefore unchanged.