Forsters acts on forward sale of BTR homes at Gallions Quarter in London’s Royal Docks

We are thrilled to announce that members of our Commercial Real Estate team led by Partner Sara Branch acted for a JV between Telford Homes and Notting Hill Genesis to secure a £66m forward sale to London BTR Investments Limited (a joint venture between EQT Exeter and Sigma Capital Group) of a Block of 132 homes for market rent on the final phase of the JV’s development at Gallions Quarter in Royal Albert Wharf.

The sale relates to the Build to Rent element of the Gallions Quarter site at Royal Albert Wharf, in the Royal Docks, with units planned to be ready for occupancy in Q1 2024. In addition 135 homes, 51% of the overall scheme, are being delivered as a combination of affordable rent and shared ownership and will be owned and managed by Notting Hill Genesis. Forsters has also advised on the delivery and acquisition of the affordable homes.

Max Sugden, Transactions Director at Telford Homes, said: “Delighted to exchange on the forward sale of the BTR element within Gallions Quarter Phase 2B to London BTR Investments, a JV between EQT Exeter and Sigma Capital Group. A pleasure working alongside our JV partner Notting Hill Genesis (Jake Brodetsky Julian Rodriguez), our lawyers Forsters LLP (Sara Branch) and JLL (Simon Scott George Jones Max Wilkinson) as our selling agents.”

John Hughes, group director of development and deputy chief executive of Notting Hill Genesis, said: “Royal Albert Wharf is a triumph of partnership working and we are delighted to welcome Sigma and EQT Exeter to the future success of Royal Albert Wharf.”

Commercial Real Estate Partner, Sara Branch says: “It was fantastic to work with the JV on the sale of the BTR Block, securing the units on the final phase of the development. It was great to be able to close this transaction during a period of such economic uncertainty.”