9th Jul 2025 11:15
Grainger PLC - Newcastle Upon Tyne, England-based residential landlord - Build-to-rent property development Kimmeridge achieves 60% leasing in three months, ahead of expectations. Kimmeridge comprises 150 homes in Oxford, England. The take-up rate "highlights the strong demand for Grainger's high-quality rental homes and the depth of its operational expertise," the company says. Chief Executive Helen Gordon says this "validates our investment in Oxford, a key location for Grainger, and strengthens our confidence in continuing to invest in our target locations and delivering strong rental growth".
The company adds: "This leasing milestone reinforces Grainger's focused strategy to deliver long-term, compounding returns and progressive dividends for its shareholders, by leveraging its GBP1.3 billion build to rent pipeline, comprising approximately 4,500 homes, to address the growing rental housing needs in key cities across the UK."
Current stock price: 208.04 pence, up 0.3% on Wednesday morning in London
12-month change: down 13%
By Tom Budszus, Alliance News slot editor
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