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.
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