Grainger (GB:GRI) has released an update.
Grainger PLC, the UK’s leading residential landlord, bolsters its portfolio with the strategic £31m acquisition of The Astley, a 135-home build-to-rent property in Manchester’s Northern Quarter. This move is part of Grainger’s Asset Recycling Programme, which recently included the sale of an 80-home property in London for around £27m. CEO Helen Gordon highlights the acquisition as earnings accretive and indicative of the growing market opportunities for build-to-rent assets.
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