Grainger ramps up build to rent pipeline to 9,000 flats

Aaron Morby 4 years ago

Leading private rental specialist Grainger is speeding up development of build to rent homes and has built up a development pipeline of over 9,000 homes.

16-storey Millwrights Place in Bristol is latest private rental project to be added to growing development pipeline
16-storey Millwrights Place in Bristol is latest private rental project to be added to growing development pipeline

In the coming year, Grainger said it would develop 1,000 new homes across the country as part of a £2bn PRS pipeline.

Since 2016 Grainger has committed £1.5bn into new private rental housing.

This year it is pressing ahead with new schemes in Bristol, Hampshire, Manchester and Sheffield.

In London, a joint venture with Transport for London signed earlier this year could see Grainger build over 3,000 flats over the next five years.

It also signed a partnership with the London Borough of Lewisham to bring forward 300 new homes through the planning process.

Helen Gordon Chief Executive said: “The strategy we set out three years ago to transition Grainger into the UK’s leading private rental home business is delivering strong, sustainable returns to shareholders, ahead of plan.

“With this in mind, I am pleased to say that our pipeline of new investments is stronger than ever, representing an additional 9,000 new PRS homes that we will deliver and add to our portfolio over the coming years. This is a doubling of our current portfolio size.”

Recent development pipeline deals

Canning Town 2, London – Agreed to forward fund a 146-home PRS development scheme in the Hallsville Quarter Development at Canning Town, London. The developer is Linkcity and the building contractor is Bouygues UK.

Millwrights Place, Bristol – Agreed to acquire a 231-home PRS development scheme in Bristol from Cubex,

Well Meadow, Sheffield – Agreed to forward fund a 284-home PRS development scheme at Well Meadow in Sheffield for £42m. 

The plans were revealed as Grainger unveiled its annual results, which saw pre-tax profit rise by nearly a third to £131m.


Latest news

Fatal accident at Laing O’Rourke Oxford site

Work suspended on site after tragedy
15 hours ago

Balfour renews £330m Lincolnshire highways deal

Firm will use its new operational control hub to promptly address network issues
16 hours ago

Three Caledonian Modular-built schools to be demolished

DfE confirms Essex, Somerset and Northampton schools will be bulldozed and rebuilt
18 hours ago

Gilbert-Ash takes £30m Tate Liverpool revamp

Work to start in the New Year on remodelling of iconic 1846 warehouse
17 hours ago

HS2 Solihull mass transit enabling works out to bid

Bidding for £60m main works to start early next year
18 hours ago

Modular health specialist Vanguard rescues M-AR

Deal with administrators sees Vanguard add production capacity with 100,00 sq ft offsite factory
18 hours ago

Torsion forms JV to build £90m Leeds resi tower

Construction to start in January on one of Leeds' tallest towers
18 hours ago

Approved change to concrete ‘recipe’ to slash carbon emissions

New approved concrete mixes will be able to blend finely ground limestone and fly ash
2 days ago

Network Rail unveils Cardiff South Central masterplan

Plans being drawn up for major housing-led mixed-use scheme
1 day ago

McLaren Living to revamp Watford police station site

Developer to submit plans for a major mixed-use development
2 days ago

National Grid £12.8bn HV civils framework hits market

Firms needed for major power line links and high voltage direct current converter stations
2 days ago

P.P O’Connor blows down four iconic cooling towers – video

Fiddlers Ferry Power Station regeneration gets off with a bang
2 days ago

Worker injured at £300m offshore wind factory site

Accident on major Teesside construction site
2 days ago

8Build bags Cambridge office and labs scheme

Firm wins phase 2 of The Press biotech development
2 days ago

Cash boost to accelerate Transpennine Route Upgrade work

Government commits £3.9bn for latest phase of rail upgrade
2 days ago

Further fines after fatal fall on office conversion

£600,000 CDM fine after death while installing lightning protection system
2 days ago

Lonsdale went down owing £65m to supply chain

More than 600 firms owed money as reduced credit rating sinks M&E giant
5 days ago

Wates only bidder for £80m Cardiff estate rebuild

Council contacted 20 framework firms but received only one bid for 295-home Channel View estate rebuild
5 days ago

£21m legal battle over flawed concrete at Salford flats job

Developer in compensation battle with Arcadis after new concrete core demolished
5 days ago

Abu Dhabi developer Aldar Properties buys London Square

UAE giant swoops on resi specialist in vote of confidence for London market
5 days ago

Hunt for delivery partner to revive New Hospital Programme

Programme delivery partner to get £600m fee to get plans back on track
6 days ago

Green light for new £780m Essex garden village

3,700 homes and four new schools to be built at Dunton Hills
5 days ago

Laing O’Rourke makes a £288m loss

Rampant inflation on fixed-price jobs and problem contracts blow hole in accounts
6 days ago

Keltbray, OCU and Clancy clinch £1bn electricity network upgrade

Scottish and Southern Electricity Networks awards biggest ever deals for central southern England
7 days ago

G&T enlisted for commercial review of HS2 main civils contracts

Phase 1 Main Works Civils Contracts to come under cost scrutiny
6 days ago

TClarke order books doubles to top £1bn for first time

M&E specialist on track to exceed £500m turnover this year
6 days ago

Wates signs Government safety remediation pact

Private builder belatedly signs fire safety developer remediation contract
6 days ago

Liverpool all-electric industrial park approved

McLaren and Caddick in chase for Sefton 800,000 sq ft Atlantic Park scheme
6 days ago

Former Buckingham Group MD to join John F Hunt

Simon Hyams is new Managing Director for Contracting
7 days ago

Three in race for retendered £150m A9 dualling job

Bidders take another look after client takes on more risk
7 days ago

Contractor services