Grainger acquires PRS development in Bristol
28th Nov 2016 08:21
(ShareCast News) - Residential landlord Grainger has agreed to acquire a private build-to-rent development in Bristol for £45.7m. Grainger will forward fund the private rental sector project at Finzels Reach, while Cubex Land will be the developer and Willmott Dixon will be the contractor. The site
Read moreGrainger claims solid growth, gets go-ahead for Apex House
11th Oct 2016 07:05
(ShareCast News) - Residential property investment and management company Grainger provided an update on trading for the year to 30 September on Tuesday, reporting "good rental growth" and "strong sales performance" as a result of cost reductions. The FTSE 250 firm said it expects recurring profit f
Read moreGrainger to buy build-to-rent development in Leeds for £40m
30th Sep 2016 07:08
(ShareCast News) - FTSE 250 listed residential landlord Grainger is to buy a private sector build-to-rent development on the Former Yorkshire Post gateway site from YP Real Estate. Grainger agreed to a forward purchase agreement conditional on YP Real Estate securing planning consent for the develop
Read moreGrainger not affected by Brexit as private rental demand remains strong
11th Aug 2016 09:21
(ShareCast News) - Residential landlord Grainger has so far escaped any affects of the European Union referendum, reporting that private rental sector demand remains strong. In a trading statement for the 10 months to 31 July, the FTSE 250-listed company reported £91m of revenue came from sales of v
Read moreDirectors dealings: Real estate sector execs pick up shares
24th Jun 2016 16:37
(ShareCast News) - Friday's sharp drops among shares of UK homebuilders and real estate outfits saw executives from several outfits step-in to pick-up some shares. Glyn Barker, non-executive director at Berkeley Group Holdings scooped up 2,000 shares in the homebuilder for a total £52,060.00. In pa
Read moreFriday broker round-up
20th May 2016 14:32
(ShareCast News) - Exova Group: Goldman Sachs reiterates buy with a 195p target. Grainger: Jefferies retains buy with a 215p target. Thomas Cook: JP Morgan keeps at neutral with a 90p target and Goldman Sachs reiterates sell with a target price of 72p. Serco Group: JP Morgan reiterates neutral wit
Read moreGrainger posts rise in first-half profit, sees FY profit ahead
19th May 2016 11:33
(ShareCast News) - FTSE 250 residential landlord Grainger reported a rise in first-half profit and said recurring profit for the full year is likely to be ahead of management expectations. In the six months to the end of March, net rental income was up 13% to £18m while recurring profit rose 13% to
Read moreGrainger nears German withdrawal after agreeing portfolio sale
13th Apr 2016 07:53
(ShareCast News) - Residential landlord Grainger has agreed to offload the majority of its remaining German properties for a cut-price €53m (£42.4m) as it looks to focus solely on the UK private sector. As the German portfolio had been valued at €56.3m, the FTSE 250 group will be hit with a loss on
Read moreFriday newspaper share tips: Panmure Gordon, Grainger
1st Apr 2016 18:00
(ShareCast News) - Panmure Gordon has a tough road ahead of it, the Financial Times´s Lex column believes. The pool of banking fees which the UK´s small stockbrokers and investment banks can opt for is simply not large enough to sustain all of them given the decline in broking margins. About £5.4bn
Read moreGrainger's rents grow as streamlining steams ahead
11th Feb 2016 10:51
(ShareCast News) - Grainger's transition to a streamlined private sector landlord progressed well in the four months to 31 January, it reported, with growth in both its rentals and sales divisions. The FTSE 250 company - the UK's largest listed residential landlord - said demand had continued for it
Read moreGrainger joint venture buys Kew Bridge estate
9th Feb 2016 07:12
(ShareCast News) - Grainger's joint venture with APG has acquired Kew Bridge Court for approximately £57.3m. The FTSE 250 company announced on Tuesday that GRIP, a private rented sector (PRS) fund it has a 25% stake in, acquired the estate from a partnership managed by Residential Land. The 2.2 acr
Read moreGrainger takes further steps to exit German business
5th Feb 2016 08:08
(ShareCast News) - Grainger has sold its stake in its FRM German residential rented portfolio and its German business platform to Heitman for €124m (£94m). It followed the sale of its German joint venture with Heitman at the end of last year and is the another step in the FTSE 250 company's exit fro
Read moreGrainger buys Salford Quays site for £98.7m
1st Feb 2016 07:45
(ShareCast News) - Residential property owner and manager Grainger has exchanged contracts to buy Clippers Quay in Salford Quays, near Manchester, for around £98.7m. Grainger said the property, which will deliver 600 new private rented homes and commercial and amenity space, fits with the group's st
Read moreSunday newspaper round-up: Sainsbury-Home Retail, RBS, IHG, Ladbrokes
31st Jan 2016 16:24
(ShareCast News) - As Tuesday's takeover deadline approaches, Sainsbury's has made a bid of 150p per share for Argos owner Home Retail Group, which is shy of the 170p apparently being demanded. The Sunday Telegraph cited sources that suggested a middle-ground 160p bid would be enough to announce the
Read moreGrainger announces shift to focus on private rented sector
28th Jan 2016 09:46
(ShareCast News) - Residential landlord Grainger announced plans to invest over £850m in private sector rented assets as it looks to drive rental income growth and sell off its non-core operations. The company said on Thursday that it will sell Retirement Solutions and its business in Germany, a mov
Read more