Telford Homes and Greystar signed a development agreement to deliver 894 build-to-rent homes with extensive facilities close to the River Thames at Nine Elms, Battersea.

The two companies have exchanged contracts to acquire two plots of land from Royal Mail plc. The pre-construction development agreement means Telford Homes will assist Greystar in pursuing a detailed planning consent for the site. The development will be within walking distance of two new underground stations on the extended Northern Line and close to the new U.S. Embassy.

Once planning consent has been secured, Telford Homes will enter a full design and build contract with Greystar to deliver the development.

“This will be without question central London’s most exciting rental community. There’s nothing comparable in the U.K. in terms of scale and resident amenity," Greystar Managing Director Mark Allnutt said. "We believe that London is finally ready for a five-star rental experience and we’re proud to be bringing this to Nine Elms in partnership with Telford Homes, a housebuilder synonymous with quality.”