Grainger plc

Grainger plc
	CEO)
Products	Private rented sector Build-to-rent Regulated tenancies
Revenue	£267.1 million (2023)
Operating income	£128.4 million (2023)
Net income	£25.6 million (2023)
Website	www.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

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]

From 1987 to 2002, Quentin Wallop, 10th Earl of Portsmouth, was a non-executive director,^[3] and as of 1999 he owned 16.55% of the equity, making him the firm's largest shareholder of the company.^[4]

In 2006 Grainger entered into a joint venture with Development Securities to develop Curzon Park in

real estate investor, developer and private equity fund manager.^[7]

In 2011 the company entered into a development agreement with 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.^[9]

Operations

As at 30 September 2023 its investment portfolio was valued at £2.9 billion and its development and trading portfolio was valued at £0.4 billion.^[1]

References

^ ^a ^b ^c ^d "Annual Report 2023" (PDF). Grainger plc. Retrieved 12 February 2024.
^ "Grainger to take full control of BPT". Archived from the original on 19 April 2016. Retrieved 9 April 2016.
^ "Earl of Portsmouth cashes in at Grainger". Citywire Money. 26 February 2002.
^ Dodd, Vikram; White, Michael (23 December 1999). "Earl of Portsmouth Mystery peer with the money". The Guardian. Retrieved 22 October 2019.
^ Grainger, Development Securities buy Birmingham site for 33.5 mln stg - Hemscott
^ "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.
^ journallive Administrator (23 August 2010). "Grainger Homes forms joint venture". journallive. Retrieved 28 March 2015.
^ "Wellesley garrison site homes going on sale in Aldershot". Get Hampshire. 24 June 2015. Retrieved 17 April 2017.
^ "TfL appoints preferred Build to Rent Partner". Transport for London. 1 April 2019. Retrieved 2020-10-09.

External links

[results-1] "Annual Report 2023" (PDF). Grainger plc. Retrieved 12 February 2024.

[2] "Grainger to take full control of BPT". Archived from the original on 19 April 2016. Retrieved 9 April 2016.

[3] "Earl of Portsmouth cashes in at Grainger". Citywire Money. 26 February 2002.

[4] Dodd, Vikram; White, Michael (23 December 1999). "Earl of Portsmouth Mystery peer with the money". The Guardian. Retrieved 22 October 2019.

[5] Grainger, Development Securities buy Birmingham site for 33.5 mln stg - Hemscott

[6] "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.

[7] urnallive Administrator (23 August 2010). "Grainger Homes forms joint venture". journallive. Retrieved 28 March 2015.

[8] "Wellesley garrison site homes going on sale in Aldershot". Get Hampshire. 24 June 2015. Retrieved 17 April 2017.

[9] "TfL appoints preferred Build to Rent Partner". Transport for London. 1 April 2019. Retrieved 2020-10-09.

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