We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Grainger Plc | LSE:GRI | London | Ordinary Share | GB00B04V1276 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5.00 | 1.97% | 259.00 | 258.50 | 260.00 | 260.00 | 252.50 | 252.50 | 577,573 | 16:35:16 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 106.1M | 25.6M | 0.0347 | 74.93 | 1.92B |
From Apr 2019 to Apr 2024
TIDMGRI
RNS Number : 3251X
Grainger PLC
23 November 2017
23 November 2017
Grainger plc
Acquisition
Grainger agrees to forward fund and acquire a 156 home PRS build to rent scheme in Birmingham for c.GBP28m
Grainger, the UK's largest listed residential landlord, today announces that it has exchanged contracts with Blackswan Property Limited to forward fund and acquire a private rented sector (PRS), build to rent development, Gilder's Yard in Birmingham, comprising 156 new purpose built PRS homes, for c.GBP28m.
Grainger expects the investment to generate a gross yield on cost over 7% once stabilised.
Blackswan Property Limited will develop the site and Shaylor, a Midlands based contractor, will construct the scheme.
Birmingham is a key target city for Grainger's PRS investment strategy due to its strong economic prospects and growth potential, and builds on Grainger's existing local management platform.
Helen Gordon, Chief Executive of Grainger, said:
"We are pleased today to announce our latest investment in one of our key target locations, Birmingham, which will deliver 156 new high quality, purpose built rental homes, building on our existing portfolio in and around the area and leveraging off our operational platform."
Grainger will be announcing its full year financial results on 30 November.
-ENDS-
For further information:
Grainger plc
Helen Gordon/ Vanessa Simms/ Kurt Mueller
London Office Tel: +44 (0) 20 7940 9500
Newcastle Office Tel: +44 (0) 191 261 1819
Camarco (Grainger PR)
Ginny Pulbrook / Geoffrey Pelham-Lane
Tel: +44 (0) 20 3757 4992/4985
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQFEDSMDFWSEIF
(END) Dow Jones Newswires
November 23, 2017 02:01 ET (07:01 GMT)
1 Year Grainger Chart |
1 Month Grainger Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
