Telford Homes has signed a design and build contract worth £276m to deliver nearly 900 rented homes at Nine Elms in south London.

The housebuilder will build 894 homes on the site, with completion expected in late 2024.

The first steps in the deal with US property developer Greystar were taken two years ago, when Telford Homes agreed to assist in acquiring detailed planning approval for the site on which Greystar had exchanged contracts to acquire two plots of land totalling 2.67 acres from Royal Mail for £101m in cash. That land deal has now been completed.