Grainger posts rise in group sales

Grainger said institutional investor interest in the residential market was growing thanks to government measures such as the launch of the £200m Build to Rent fund, as it posted group sales of £64.6m for the first four months of the year, up £2.2m on last year. The listed residential landlord said fee income rose to £4.6m from £2.9m last year while rents fell £3.1m to £27.3m after it sold-off German assets.