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Osborne Clarke advises M&G on strategic partnership with Telford Homes


Written on 11 March 2019

International legal practice Osborne Clarke has advised M&G Real Estate (acting via its general partner) on its partnership with Telford Homes, the London focused residential property developer. Following an extensive selection process managed by Savills, Telford has chosen Invesco and M&G as long term strategic build-to-rent partners for forward fund transactions.

M&G will be the Group’s priority partner for schemes including up to 200 build-to-rent homes and Invesco will have priority for more than 200.

The partnerships with Invesco and M&G will lead to more efficient ways of buying land and designing bespoke build-to-rent schemes that match up with each investor’s requirements. Telford Homes also expect to produce a standard set of documents for a forward fund development that will shorten and improve the contractual process for each transaction.

It is anticipated that the strategic partnerships will provide excellent opportunities for Invesco and M&G and Telford Homes expect to develop significant build to rent pipelines for the partners over the next few years.

Partner and Sector Head of Real Estate and Infrastructure, Conrad Davies, Partner Rajindh Mangat and Associate Director Emma Barr advised M&G on the partnership. Osborne Clarke previously advised M&G on the forward funding of its build-to-rent residential development in Reading, Thames Quarter.

Osborne Clarke is a recognised industry leader in real estate providing a comprehensive sector-led service that provide responsive advice to a variety of major real estate industry organisations, ranging from developers and investors to property funds and corporate occupiers.