Property News · June 1, 2016

Telford Homes reports 42% revenue rise thanks to 'built for rent' homes


London housebuilder sells 150 homes in east London to M&G Real Estate for £63m reflecting demand for rented accommodationLondon housebuilder Telford Homes has sold almost a quarter of its homes to institutional investors for rent, as demand for “built for rent” developments rises.The company sold The Pavilions in north London, with 156 homes, to housing association L&Q for £67m in February. Last week, it sold another development for rent – 150 homes in Carmen Street in east London – to fund manager M&G Real Estate for £63m. Continue reading…

Source : theguardian.com
Read more…Telford Homes reports 42% revenue rise thanks to ‘built for rent’ homes