Redrow on Thursday said Britain’s imminent departure from the EU is not deterring it from buying land, as it inked a deal with Tesco paving the way for 447 new south-west London homes.
The FTSE 250 housebuilder has agreed to buy a 1.2-acre site in New Malden that the supermarket does not need.
It will invest in a £180 million scheme designed by TP Bennett Architects which will also feature communal gardens.
Construction of the 1-3 bedroom homes is expected to start next year.
Commitment to build comes despite some rivals reporting weaker consumer confidence ahead of Brexit.
Keith Parrett, regional chief executive of Redrow London, said: “Regardless of Brexit, we are committed to delivering high quality homes for Londoners. We will therefore continue to look for further opportunities in London’s outer zones, where there is a high demand for housing, and will progress those that allow us to deliver sustainable communities.”
