Telford takeover gets green light from Brussels

CBRE has been given EU clearance to acquire Telford Homes, with the £267m deal expected to complete in the coming weeks. The merger control clearance from Brussels will now be followed by a hearing on 26 September to enable the final approvals. If approved, Telford shares on AIM will be suspended on 1 October and cancelled the following day. CBRE announced its intention to acquire Telford in July in a bid to expand its build-to-rent portfolio to the UK. The acquisition will see Telford brought under its development arm, Trammell Crow Company, which has developed nearly 275,000 rental homes in the US. To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette