Grainger plc

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Grainger plc
TypePublic
Traded as
  • LSE: GRI
  • FTSE 250 component
IndustryProperty
Founded1912
HeadquartersNewcastle upon Tyne, UK
Key people
Mark Clare, (chairman)
Helen Gordon, (CEO)
ProductsPrivate rented sector

Build-to-rent

Regulated tenancies
RevenueIncrease £248.9 million (2021)[1]
Operating income
Increase £113.8 million (2021)[1]
Net income
Increase £109.5 million (2021)[1]
Websitewww.graingerplc.co.uk

Grainger plc is a British-based residential property business. It is headquartered in Newcastle upon Tyne and is a constituent of the FTSE 250 Index.

History[]

The business was established by the Dickinson family in 1912 as the Grainger Trust to acquire tenanted residential properties in Newcastle upon Tyne. In the 1970s and 1980s it acquired large residential estates from British Coal, British Rail and Reckitt & Coleman. It was first listed on the London Stock Exchange in 1983. In 1989 it acquired Channel Hotels & Properties and in 2003 it acquired Bradford Property Trust.[2]

In 2006 it entered into a joint venture with Development Securities to develop Curzon Park in Birmingham.[3] In 2007 it changed its name to Grainger plc. In 2008 a consortium of Helical Bar and Grainger was named as the preferred developer for the King Street regeneration scheme in Hammersmith.[4] In 2010, Grainger acquired AIM-listed Sovereign Reversions, an equity release provider, and subsequently formed a 50:50 joint venture with Moorfield, a UK real estate investor, developer and private equity fund manager.[5]

In 2011 the company entered into a development agreement with the Defence Infrastructure Organisation to create the Wellesley Development, which incorporates the Cambridge Military Hospital at Aldershot and which will generate 3,850 homes.[6] In 2019, Grainger was announced as the build-to-rent partner of Transport for London (TfL), which will build new homes on land in TfL's ownership, potentially delivering in excess of 3,000 homes across London.[7]

Operations[]

Smith-Dorrien House in Aldershot, built in 1908 as an entertainment facility for soldiers and which Grainger now uses as offices for the Wellesley project, a major residential development by Grainger plc

As at 30 September 2021 its investment portfolio was valued at £2.2 billion and its development and trading portfolio was valued at £0.6 billion.[1]

References[]

  1. ^ a b c d "Annual Report 2021" (PDF). Grainger plc. Retrieved 16 February 2022.
  2. ^ "Grainger to take full control of BPT". Archived from the original on 19 April 2016. Retrieved 9 April 2016.
  3. ^ Grainger, Development Securities buy Birmingham site for 33.5 mln stg - Hemscott
  4. ^ "King Street Regeneration breathing life into Hammersmith". London Borough of Hammersmith and Fulham. Archived from the original on 2008-05-16. Retrieved 2008-06-01.
  5. ^ journallive Administrator (23 August 2010). "Grainger Homes forms joint venture". journallive. Retrieved 28 March 2015.
  6. ^ "Wellesley garrison site homes going on sale in Aldershot". Get Hampshire. 24 June 2015. Retrieved 17 April 2017.
  7. ^ "TfL appoints preferred Build to Rent Partner". Transport for London. 1 April 2019. Retrieved 2020-10-09.

External links[]

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