CBRE set to buy Telford Homes for £267m

By Hamish Champ2019-07-03T07:15:00

US real estate developer says London-based housebuilder offers ideal foothold into capital’s build-to-rent market

US real estate giant CBRE has agreed terms to buy London-based build-to-rent housebuilder Telford Homes for nearly £270m.

The deal, announced today, has been agreed by boards of both firms, with CBRE prepared to pay 350p a share for the AIM-listed Telford Homes, an overall premium of 11% on yesterday’s closing price.

Telford Homes has recommended shareholders take the cash on offer, worth £267.4m.

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