Investors swoop on British build-to-rent sector
US property group CBRE agrees to buy Telford Homes for about £267m
03 July 2019 - 20:22
London — Property firms are turning to Britain’s budding build-to-rent sector, which caters to students and city dwellers seeking affordable accommodation, as traditional home building and selling falters on weak consumer confidence.
US real estate firm CBRE Group said it had agreed to buy British property developer Telford Homes for about £267m in a deal representing a premium of about 11% to Telford’s closing price...
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