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{{Infobox company
{{Infobox company
| name = Grainger plc
| name = Grainger plc
| logo = Grainger logo.svg
| logo = Grainger logo.svg
Line 6: Line 6:
| foundation = 1912
| foundation = 1912
| location = [[Newcastle upon Tyne]], [[United Kingdom|UK]]
| location = [[Newcastle upon Tyne]], [[United Kingdom|UK]]
| key_people = [[Helen Gordon (CEO)|Helen Gordon]], [[CEO]] <br> Vanessa Simms, [[Finance Director]]
| key_people =[[Margaret Ford, Baroness Ford|Baroness Ford]], [[Chair (official)|Chairman]] <br> [[Helen Gordon (CEO)|Helen Gordon]], [[CEO]] <br> Vanessa Simms, [[Finance Director]] <br> Nick Jopling, Executive Director for Property
| industry = [[Property]]
| industry = [[Property]]
| products =
| products =
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| num_employees =
| num_employees =
| parent =
| parent =
| subsid = Grainger Residential Management Limited <br>
| subsid = Grainger Residential Management Limited <br> Bridgewater Equity Release
| homepage = [http://www.graingerplc.co.uk www.graingerplc.co.uk]
| homepage = [http://www.graingerplc.co.uk www.graingerplc.co.uk]
| caption =
| caption =
| footnotes =
| footnotes =
}}
}}


'''Grainger plc''' ({{lse|GRI}}) is the UK's largest listed residential landlord and a leader in the UK Private Rented Sector (PRS). Established in 1912 and headquartered in [[Newcastle upon Tyne]], the [[FTSE 250 Index]] business has offices in [[London]], [[Birmingham]] and [[Manchester]].
'''Grainger plc''' ({{lse|GRI}}) is a [[United Kingdom|British]]-based residential property business. It is headquartered in [[Newcastle upon Tyne]] and is a constituent of the [[FTSE 250 Index]].


==History==
==History==
The business was established by the Dickinson family in 1912 as the ''Grainger Trust'' to acquire tenanted residential properties in [[Newcastle upon Tyne]]. In the 1970s and 1980s it acquired large residential estates from [[British Coal]], [[British Rail]] and [[Reckitt Benckiser|Reckitt & Coleman]]. It was first listed on the [[London Stock Exchange]] in 1983. In 1989 it acquired ''Channel Hotels & Properties'' and in 2003 it acquired ''Bradford Property Trust''.<ref>{{cite web|url=http://connection.ebscohost.com/c/articles/11495406/grainger-take-full-control-bpt|title=Grainger to take full control of BPT|publisher=|accessdate=9 April 2016}}</ref>
In 1912, the Dickenson family established Grainger to acquire tenanted residential properties in [[Newcastle upon Tyne]].


In 2006 it entered into a joint venture with Development Securities to develop Curzon Park in [[Birmingham]].<ref>''[http://www.hemscott.com/news/latest-news/item.do?newsId=37628208543155 Grainger, Development Securities buy Birmingham site for 33.5 mln stg]'' - Hemscott</ref> In 2007 it changed its name to ''Grainger plc''. In 2008 a consortium of [[Helical Bar]] and Grainger was named as the preferred developer for the King Street regeneration scheme in [[Hammersmith]].<ref>{{cite web|url=http://www.lbhf.gov.uk/Directory/News_and_Media/Press_office/Press_releases/97305_King_Street_regeneration_Breathing_life_into_Hammersmith.asp |title=King Street Regeneration breathing life into Hammersmith|publisher= London Borough of Hammersmith and Fulham}}</ref> In 2010, Grainger acquired AIM-listed Sovereign Reversions, an [[equity release]] provider, and subsequently formed a 50:50 joint venture with Moorfield, a UK real estate investor, developer and private equity fund manager.<ref>{{cite web|url=http://www.nebusiness.co.uk/business-news/latest-business-news/2010/08/23/grainger-forms-joint-venture-51140-27117698/|title=Grainger Homes forms joint venture|author=journallive Administrator|date=23 August 2010|work=journallive|accessdate=28 March 2015}}</ref>
In the 1970s and 1980s the business acquired large residential estates from British Coal, [[British Rail]] and Reckitt & Coleman.


In 2011 the company entered into a development agreement with the [[Defence Infrastructure Organisation]] to create the Wellesley Development, which incorporates the [[Cambridge Military Hospital]] at [[Aldershot]] and which will generate 3,850 homes.<ref>{{cite web|url=http://www.gethampshire.co.uk/news/property-news/wellesley-garrison-site-homes-going-9519088|title=Wellesley garrison site homes going on sale in Aldershot|date=24 June 2015|publisher=Get Hampshire|accessdate=17 April 2017}}</ref>
Grainger was first listed on the [[London Stock Exchange]] in 1983.

Grainger acquired Channel Hotels & Properties in 1989, which owned over 700 London flats, resulting in the firms first London office. In 2003, Grainger acquired Bradford Property Trust plc, creating the largest quoted residential property portfolio in the UK.

In 2007, the group undertook a highly successful capital raising activity for G:res1, the UK’s largest, market-rented residential investment fund. Following a successful tender offer in 2008, Grainger purchased Francono Rhein-Main AG for €41.4m, creating critical mass in [[Germany]].

By 2009, Grainger owned or had an interest in 24,414 properties in the UK and Germany and served as Property Manager for 24,650 properties. In 2011, Grainger acquired 100% of GenInvest portfolio, including 1,650 central London properties, and in the same year, was appointed as preferred developer for the Aldershot Urban Extension, a long-term development project to build over 3800 new homes.

Grainger celebrated its centenary year in 2012.

In 2013, Grainger formed the GRIP unit trust in a partnership with APG, Europe’s largest pension fund. By 2015, Grainger had launched Abbeville Apartments in Barking as its first Build to Rent development.

In 2016, [https://corporate.graingerplc.co.uk/about-us/management.aspx Helen Gordon] joined Grainger as CEO, and announced the group’s new business strategy, and commitment to invest into the UK PRS.  The same year, Grainger acquired [https://www.clippersquay.co.uk/ Clippers Quay] in [[Salford Quays]], Greater Manchester, a 614 home Build to Rent development.

In 2018, Grainger launched Argo Apartments, at Canning Town in London as its second Build to Rent scheme. Later that year, phase one of Clippers Quay at Salford Quays also launched.  In December 2018, Grainger announced it had acquired APG’s majority share of the GRIP portfolio, providing Grainger with 100% ownership of the 1,700 residential portfolio located in London and the South East.

In 2019, Grainger was announced as the preferred partner for a joint venture partnership with [[Transport for London]] (TfL) to deliver over 3000 new homes in London.


==Operations==
==Operations==
[[File:Grainger offices on Queen's Road, Aldershot.jpg|thumb|The Smith Dorrien Building in [[Aldershot]], built in 1908 as an entertainment facility for soldiers and which Grainger now uses as offices for the Wellesley project, a major residential development]]
[[File:Grainger offices on Queen's Road, Aldershot.jpg|thumb|The Smith Dorrien Building in [[Aldershot]], built in 1908 as an entertainment facility for soldiers and which Grainger now uses as offices for the Wellesley project, a major residential development]]
As at 30 September 2018 its investment portfolio was valued at £590 million and its development and trading portfolio was valued at £799 million.<ref name=prelims/>
Today, Grainger is the UK’s largest listed residential landlord, and a leader in the UK private rental sector. 

As part of its business strategy, Grainger is committed to enhancing the quality of UK renting by providing high quality homes, great customer service, and a transparent, hassle-free experience for renters.

As of HY 2019, Grainger had c. 8400 rental homes in operation valued at £2.5bn, and a strong pipeline of over 8,200 new rental homes, with an investment value of £1.8bn.

Grainger’s pipeline of 17 secured new Build to Rent projects spans target cities across the country, with upcoming developments in [[Bristol]], [[Sheffield]], [[Milton Keynes]], [[London]], [[Manchester]], [[Birmingham]], [[Southampton]] and [[Leeds]].

A leader in corporate responsibility and sustainability, Grainger has been recognised through the Global Real Estate Sustainability Benchmark and the [[FTSE4Good Index|FTSE4Good]] index.


==References==
==References==
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==External links==
==External links==
* [http://www.graingerplc.co.uk Official site]
* [http://www.graingerplc.co.uk Official site]
* [http://www.graingercr.com Grainger CR Report]


{{Real estate in the United Kingdom}}
{{Real estate in the United Kingdom}}

Revision as of 15:25, 28 May 2019

Grainger plc
Company typePublic
LSE: GRI
IndustryProperty
Founded1912
HeadquartersNewcastle upon Tyne, UK
Key people
Baroness Ford, Chairman
Helen Gordon, CEO
Vanessa Simms, Finance Director
Nick Jopling, Executive Director for Property
Revenue£270.7 million (2018)[1]
£145.6 million (2018)[1]
£87.4 million (2018)[1]
SubsidiariesGrainger Residential Management Limited
Bridgewater Equity Release
Websitewww.graingerplc.co.uk

Grainger plc (LSE: GRI) is a British-based residential property business. It is headquartered in Newcastle upon Tyne and is a constituent of the FTSE 250 Index.

History

The business was established by the Dickinson family in 1912 as the Grainger Trust to acquire tenanted residential properties in Newcastle upon Tyne. In the 1970s and 1980s it acquired large residential estates from British Coal, British Rail and Reckitt & Coleman. It was first listed on the London Stock Exchange in 1983. In 1989 it acquired Channel Hotels & Properties and in 2003 it acquired Bradford Property Trust.[2]

In 2006 it entered into a joint venture with Development Securities to develop Curzon Park in Birmingham.[3] In 2007 it changed its name to Grainger plc. In 2008 a consortium of Helical Bar and Grainger was named as the preferred developer for the King Street regeneration scheme in Hammersmith.[4] In 2010, Grainger acquired AIM-listed Sovereign Reversions, an equity release provider, and subsequently formed a 50:50 joint venture with Moorfield, a UK real estate investor, developer and private equity fund manager.[5]

In 2011 the company entered into a development agreement with the Defence Infrastructure Organisation to create the Wellesley Development, which incorporates the Cambridge Military Hospital at Aldershot and which will generate 3,850 homes.[6]

Operations

The Smith Dorrien Building in Aldershot, built in 1908 as an entertainment facility for soldiers and which Grainger now uses as offices for the Wellesley project, a major residential development

As at 30 September 2018 its investment portfolio was valued at £590 million and its development and trading portfolio was valued at £799 million.[1]

References

  1. ^ a b c d "Annual Report 2018" (PDF). Grainger plc. Retrieved 18 March 2019.
  2. ^ "Grainger to take full control of BPT". Retrieved 9 April 2016.
  3. ^ Grainger, Development Securities buy Birmingham site for 33.5 mln stg - Hemscott
  4. ^ "King Street Regeneration breathing life into Hammersmith". London Borough of Hammersmith and Fulham.
  5. ^ journallive Administrator (23 August 2010). "Grainger Homes forms joint venture". journallive. Retrieved 28 March 2015.
  6. ^ "Wellesley garrison site homes going on sale in Aldershot". Get Hampshire. 24 June 2015. Retrieved 17 April 2017.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Grainger_plc&oldid=899207394"