CBRE agrees to buy Telford Homes for £267m

Telford Homes

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

CBRE, the US real estate giant, 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.

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

  • Breaking industry news as it happens
  • Gain access to Housing Today’s Specialist CPD modules
  • Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now