U.S.-based CBRE Group to buy Telford Homes for 267.4 million pounds Housing supplies in Hanoi, Saigon decline sharply Apartment market in Q2-2019: Hanoi and HCMC records the lowest-ever supply U.S. real estate firm CBRE Group Inc said it will acquire British residential property developer Telford Homes Pic for about 267.4 million pounds (US$336.15 million) as it looks to expand into UK's multi-family rental market. The deal comes at a time when UK builders and developers are reeling under a slowdown in European growth and home buyers are holding off for fear of further falls in house prices as the country navigates through its plans to leave the European Union. Los Angeles-, California¬based CBRE said Telford will become a part of its Trammell Crow Company and its Chief Executive Officer Jon Di¬Stefano will continue to lead the business.
Read more at Here.