- London-focused developer Telford Homes said it had selected Invesco Real Estate and M&G Real Estate as partners in the build-to-rent market.

The partnerships would allow Telford Homes to enter into individual forward fund transactions for developments.

'Each investor has different criteria for what makes the optimum build-to-rent development,' the company said.

'With two partners to work alongside we are increasing our ability to bring more build-to-rent projects forward in line with our strategic priorities and the wider need for increased housing supply.'

M&G would be a priority partner for schemes including up to 200 build-to-rent homes and Invesco would have priority for more than 200.

In capital value terms, 200 homes were likely to represent between £75m and £100m.

Both Invesco and M&G havd signed partnership agreements with Telford Homes for an initial three-year period, but with an expectation from all parties that the relationships woukld continue beyond that timeframe, the company said.

'We have been consistent in highlighting our desire to significantly increase our build to rent pipeline over the next few years,' chief executive Jon Di-Stefano said.

'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.'

'Furthermore it underlines our reputation as one of the build-to-rent developers of choice in London.'

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