Telford picks M&G and Invesco for BTR growth

Telford Homes has chosen M&G Real Estate and Invesco Real Estate as partners to forward fund build-to-rent developments. M&G will be Telford’s priority partner for schemes of up to 200 homes, with an estimated end value of £75m-£100m. Invesco will have priority for schemes of more than 200 homes and over £100m. Telford identified this split as suiting the investors' current portfolios, with ideal investment scale preferences. M&G and Invesco have signed three-year partnership agreements, which are likely to be extended.

Flexible arrangement

Each party will have the option to fund schemes should the priority partner opt out, and Telford