The residential property developer yesterday said full-year results will be "materially ahead of market expectations" after a sharp boost in sales during the first three months of 2010."The housing market in East London has shown positive signs of recovery, with regeneration surrounding the build up to the 2012 Olympics continuing to stimulate demand," said Andrew Wiseman, chief executive.
About £1.7bn has been set aside in the Olympic budget for investment in renewal, with Telford benefiting from the boost to infrastructure and stature that the project has brought.
In the year to March 31, the company got 389 completions, compared to 350 in the previous financial year, according to its trading statement.
A total of 70 pre-sales were made on developments with overseas investors, a reflection of the improved market in East London.
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