Telford Homes plunges to £193m loss

London private rental flats developer Telford Homes booked a £193m loss for last year after taking stock of potential remedial building safety works.
The losses are a significant setback for global real estate investor CBRE, which bought the London housing developer/builder four years ago for £267m.
Before the take-over Telford Homes espoused the merits of its shift to a lower risk build to rent model, delivering projects for housing associations and specialist rental property invest