The 3.2-acre site will be sold for £105.5mln to real estate platform Henderson Park and rental group Greystar, with Telford to build 257 homes on the plot as part of the deal.
READ: Telford Homes posts in-line interim results but brokers still trim estimates, targets on slowing London market
Greystar and Telford are already working on a site for 894 homes at Nine Elms, Battersea and bought a site in Greenford together.
Jon Di-Stefano, Telford’s chief executive, said he was delighted to have secured another forward-funded, build to rent sale and to have further cemented the relationship with Greystar.
Enterprise Works has full planning consent for 337 new homes including 80 affordable homes and 18,830 sq ft of commercial space.