10th Sep 2025 09:31
Grainger PLC - Newcastle-upon-Tyne, England-based residential landlord - Says it has a 50% lease-up performance of 132 build-to-rent homes in less than a month at Seraphina Apartments, which is the latest phase in Grainger's Fortunes Dock cluster in Canning Town. Grainger says the performance reflects strong demand for its rental homes.
Grainger Chief Executive Officer Helen Gordon says: "To achieve 50% lease-up in under a month is a fantastic result and a clear demonstration of the demand for our high-quality rental homes. It also reflects the strength of our operational platform and the benefits of our cluster strategy, which enables us to build thriving communities, deliver operational efficiencies and deepen our understanding of local customer needs. Seraphina Apartments is already proving to be a great success, and we look forward to welcoming more residents in the weeks ahead."
Current stock price: 189.60 pence each, down 0.2% on Wednesday morning in London
12-month change: down 21%
By Tom Budszus, Alliance News slot editor
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