Telford Homes declared that the group has selected Invesco Real Estate & M&G Real Estate as long-term investment partners for future build-to-rent projects.
M&G will be the group’s partner for schemes with up to 200 build-to-rent properties; Invesco will manage those projects with more than 200 homes. Both the partners have signed partnership agreements with the group for an initial three-year period.
The move is part of a Telford’s newfound focus on the robust build-to-rent space, an area that has gathered momentum over the last five years. Especially in London, which completed 13,500 build-to-rent homes in Q318. The company has 30% of its 22 project pipeline in build-to-rent property.
Jon Di-Stefano, Telford Homes CEO, said: “We have been consistent in highlighting our desire to significantly increase our build-to-rent pipeline over the next few years. It is therefore a major step forward for us to announce that we have attracted these two extremely well-respected, experienced and ambitious institutional investors as long term partners.”