CBRE’s £267m Telford bid is a signal of US intent

CBRE’s proposed takeover of Telford Homes shows how serious US investors are about the UK build-to-rent sector, which is still relatively young compared to its more mature counterpart.

The Americans are now seeking to make their mark across the Atlantic, meaning domestic and other foreign players will need to up their game fast.

New York-listed CBRE has offered £267.4m to acquire the housebuilder, which will effectively become the UK extension of its US development subsidiary Trammell Crow Company.

The shareholder vote is expected on 6 August.