One of their sites adjacent to the planned park on Warton Road was included within the London Development Agency's Compulsory Purchase Order issued earlier this month. Telford has received assurances that the LDA will withdraw the notice once infrastructure planning for the Olympics is complete.
Pre-tax profits rose to £3.3 million compared to £2.5 million in the same period last year. Telford specialises in redeveloping sites in North and East London and it sold 407 houses, 60 per cent of which were affordable.
Turnover jumped 26 per cent to £27.8 million from £22 million at the same stage a year earlier.
It has 1031 properties in the pipeline with agreements reached to sell 350.