Grainger: Property giant benefits from higher rents and small landlord exits Property Property giant Grainger has reported double-digit growth in income driven by higher rents and the exit of private landlords from the rental market. Grainger, the UK’s largest listed provider of private rental homes, told markets this morning that total net rental income grew by 15 per cent in the four months to the end of [...]
Grainger: Higher rents and acquisitions support double-digit growth Business Residential property giant Grainger has reported double digit rental income growth due to high demand in the rental market and continued price increases. Rental growth for the year was 6.3 per cent, down from 7.7 per cent in 2023. The property giant noted that rents had been supported by a tight housing market, with “rapidly [...]
UK’s biggest residential landlord praises government’s new Renters’ Rights Bill Property The UK’s largest listed residential landlord Grainger has praised the government’s new Renters’ Rights Bill, which was presented in Parliament on Wednesday. If approved, the bill would introduce a range of measures aimed at balancing the scales between tenants and landlords, as the government pledges to “clean up the mess” left in the rental market by [...]
Grainger snaps up Manchester landmark in £31m deal July 24, 2024 Residential property giant Grainger has snapped up a £31m build-to-rent scheme located in one of Manchester's most thriving neighbourhoods.
Grainger raises dividend again despite slipping into loss May 16, 2024 Major residential landlord Grainger has raised its dividend despite slipping into a loss in a set of half-year results in which rental income rallied and the value of its underlying properties stayed stable.
Grainger Network Rail and Bloc Group announce partnership to build 2,000 UK homes November 22, 2023 Grainger has announced a partnership with Network Rail and the property developer Bloc Group to deliver 2,000 homes across Britain.
Private landlord titan Grainger’s profits surge by 96 per cent due to strong rental demand November 17, 2022 The UK’s largest listed residential landlord Grainger reported a huge boom in profit before tax of 96 per cent off the back of soaring demand. The company’s books looked healthy for the financial year with net rental income up 22 per cent and record occupancy 98 per cent levels. This comes as millions of people [...]
Grainger: UK’s largest listed landlord sets aside £9.2m for fire safety remediation May 12, 2022 The UK’s largest listed residential landlord has taken a £9.2m provision to fix historic fire safety defects. The build-to-rent developer was not asked by the government to sign up to the building safety pledge, however reviewed its estate in a similar fashion. Speaking to CityA.M., CEO Helen Gordon said the company had “mirrored” housebuilders and [...]
Grainger resilient against pandemic side effects as pre-tax profits soar November 18, 2021 The UK’s largest listed residential landlord Grainger has reported a higher pre-tax profit after revenue was driven by roaring housing demand. In results for the year ended 30 September, the property firm declared profit before tax up 53 per cent. What’s more, adjusted earnings rose two per cent while like-for-like rental growth saw a one [...]
Residential landlord Grainger confident in future of London’s ‘attractive’ rental market May 13, 2021 Residential landlord Grainger said it is confident in London’s ability to bounce back from the coronavirus pandemic, despite slumping rental prices in the capital. The FTSE 250 developer said this morning that its “conviction in London’s rental market remains”. “As a leading city, London will continue to be an attractive location to live in and [...]