Archive for the ‘Telford Home’ Category

Guide for living in Telford

Tuesday, September 22nd, 2009

Ambitious is the growth plan for Telford in the next 20 years. With the billons of money to be invested for this tow together with some substantial commitment of the business persons who running their business in the place nearby, together with the increasing of the population of 30% within the next twenty years. It can be denied that Telford is the most growing town in the West Midlands.

Getting all around the Telford
All of the infrastructure in the new Telford town are designed for an unlimited car usage, this mean than the congestion level is significantly lower than in the other town of the same size, in addition to the fact which the residents in Telford are travelling the short distance to the workplace compare with the other town in the West Midlands. There are 75 % of the workers who travel by car to work are causing the trouble to the local Council, who are trying to implement the Climate Change Transport Strategy in order to encourage people to use the public service for helping in reducing the amount of Co2 in the air.

M54 motorway is liked the West Midlands conurbation and the north-south by A442 Queensway or known by the Eastern Primary. There are about 13 car parks for both long and short-term stay in the town centre.

Generally, 70% of the Telford’s workers live within 6 miles from the workplace; hence it’s not surprise that most of the m prefer to travel by car. However, if you live further than the Telford railway station, there are train and the regional bus that leaded to the town centre.

Shopping, drinking and eating in Telford
Telford Shopping Centre is the home of largest indoor shopping centre in Shore hire; it is classed as the top 10 in the country. The Shopping Centre is builded over 50 acres in the city centre, there are 160 stores including the brand names like Marks&Spencer, H&M, Zara and House of Fraser.

Once it comes to eating out, in the Telford there are thousand collection of European, Oriental, Indian, Frankie&Benny type including the national pub chains which also served food.

There are number of good restaurants and pubs in Ironbridge Broseley, Much Wenlock and Muxton.The Malthouse Restaurant&Jazz Bar, Chez Maw, Tontine Hotel, Shakespeare Inn and horse and Jockey, also worth to try out for food.

Ironbridge Open Air Museum of Steel Sculpture, Weston Park-an ancestral home of the Earls of Bradford and the Wrekin are the nice place for spending the weekend. If you have a children, the fairy tale attraction-Wonderland or Hoo Farm Animal kingdom are the good place for visit.

The Main resident area
Telford is the new town which planned in 1960’s which the main idea for providing low density of housing. Housing market had been performed well above the national and regional averages. In addition, Telford’s reputation as the housing hotspot is more likely to continue to grow. In spite of the high rate of growth, the price of house in Telford is still below the average in the region.

Telford Homes expands into affordable housing

Wednesday, April 22nd, 2009

East London residential property developer Telford Homes announced it is expanding into affordable housing as difficult housing market conditions continue.

Telford said it has “worked to position Telford Homes for the economic downturn and has taken steps to reduce the impact of this downturn on the business.”

It has agreed a £57m grant with the Homes and Communities Agency and is in advanced negotiations with its housing association partners to construct developments entirely for affordable housing.

Chief executive Andrew Wiseman commented, “The strong partnerships which the company has with a number of housing associations and the grant programme agreed with the HCA mean that, to a certain degree, we are able to shelter the company from the lack of activity and confidence in the private residential market.”

“The board will focus on these relationships to achieve security of cash inflows before embarking on construction and will continue to ensure that the company is adapting to current economic conditions.”

Telford Homes amends covenants; to get HCA grant

Wednesday, April 22nd, 2009

* Agrees with HCA for 57 mln stg grant program

* To invest in land to protect cash flow

* To write down value of land in FY results

* Says market conditions hit mortgage finance

* Shares rise as much as 14.7 pct (Adds details)

April 20 (Reuters) – British residential property developer Telford Homes Plc (TELF.L) said on Monday it had concluded talks with all of its banks to renew loans and extend all banking facilities with amended covenants.

Telford also said it had agreed for a 57 million pounds ($84.33 million) grant programme with the Homes and Communities Agency (HCA) across seven developments to part finance over 400 affordable homes over the next three years.

The company said although open market completions continued at a steady pace, there were delays resulting in some contract failures, and that it had contingency plans to cut the cash impact of failed completions.

For the year to March 31, Telford expects to write down the value of land and work on a restricted number of developments due to the continued decline in property values.

The company, which specialises in regeneration projects and affordable homes in East London, said the current market conditions had impacted the availability and cost of mortgage finance, which was affecting the rate of new sales and in achieving legal completions on open market homes.

“Telford Homes has only invested in land which results in cash neutral and risk-free development such as the construction of affordable housing,” it said in a statement.

The partnerships with several housing associations and the grant programme will shelter Telford, to a certain degree, from the lack of activity and confidence in the private residential market, it said.

Telford Homes shares were up 13 percent at 50 pence at 0733 GMT on the London Stock Exchange. ($1=.6759 Pound) (Reporting by Srikanth Srinivasa in Bangalore; Editing by Gopakumar Warrier)