Grainger Plc announces acquisition

  • The company has agreed to forward fund and acquire a 348-home PRS ('build to rent') development from Blocwork LLP for £55.6 million
  • This is Grainger's first investment in the city of Nottingham
  • The Build to Rent scheme is in an attractive location on the Queens Road, within close proximity to the town centre and adjacent to Nottingham railway station.
  • On 18th February 2020, at the time of writing, GMT 10:00 AM, GRI shares were trading at GBX 338, up by 0.80 points or 0.24% against the previous day closing price.