HOUSE builder Grainger yesterday cheered government schemes to boost residential property.
Grainger said it has put forward several schemes for funding from the government’s build to rent fund, as part of its wider plan to benefit from growth in the private rented market.
The firm’s pre-tax profits fell from £15.1m a year ago to £11m on higher transaction charges. Gross net asset value rose 0.6 per cent to 224p per share.
Chairman Robin Broadhurst said that the market value of Grainger’s properties had outperformed the general market indices for the second year running.