CBRE to buy Telford Homes to tap into Britain’s build-to-rent market

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Wed, 2019-07-03 23:39

LONDON: US real estate firm CBRE Group Inc. said that it would buy British property developer Telford Homes for about £267 million ($336 million) in a bid to expand into Britain’s apartment rental market.

The deal is an attempt to tap into the budding build-to-rent market in Britain, which is in its infancy compared to the US where the segment has boomed over the decades.