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 [...]
Property giant Grainger appoints new finance chief February 18, 2021 The UK’s largest listed residential landlord has announced that Robert Hudson will be appointed as its new chief financial officer. Hudson currently heads finance and operations at St. Modwen Properties, where he became interim CEO in April last year. He has more than 26 years of experience in the industry, having worked as group financial [...]
Revealed: The high street retailers that collapsed in 2018 January 7, 2019 To many analysts, 2018 was seen as the year the death knell was sounded for the high street, with the number of retailers falling into administration rising for the second year in a row, according to Deloitte. A total of 125 retailers collapsed last year and there was a 53 per cent increase in Company [...]
Jones Lang LaSalle makes a splash but CEO Guy Grainger misses out at charity triathlon July 7, 2014 Property titan Jones Lang LaSalle (JLL) held its annual charity triathlon on Friday at Dorney Lake near Windsor. An impressive 3,000 property bods took part, completing a 750m swim, 21km cycle and 5k run all in aid of Samaritans for whom the event raised £16,000. Sadly, triathlon nut and JLL chief exec Guy Grainger (who [...]
Grainger snaps up 61 homes in Kensington & Chelsea for £160m April 16, 2014 RESIDENTIAL landlord Grainger has bought a portfolio of homes in London’s golden postcodes of Kensington and Chelsea for £160m which it plans to refurbish. The company said yesterday it has purchased 61 freehold houses from Property Investments Limited located across nine streets in Knightsbridge and Chelsea. Of the 61 properties, 45 are regulated tenancies and [...]