Grainger (GRI)

Sector:

Real Estate

Index:

FTSE 250

237.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 274.80
  • 52 Week Low: 217.60
  • Currency: UK Pounds
  • Shares Issued: 741.56m
  • Volume: 594,986
  • Market Cap: £1,757.49m
  • RiskGrade: 114

Grainger in JV to buy London development

By Frank Prenesti

Date: Monday 24 Jul 2017

LONDON (ShareCast) - (ShareCast News) - Listed residential landlord Grainger said it had formed a joint venture with the Local Pensions Partnership to buy a housing development at Pontoon Dock, London for an undisclosed sum.
Grainger will have a 20% share of the venture, to be called 'Vesta', and said it will generate long-term fees for management of 154 private rental sector (PRS) units, while LPP will hold the remaining 80%. LPP is managing the investment on behalf of the London Pensions Fund Authority (LPFA).

Pontoon Dock scheme is a 236 home PRS, build-to-rent scheme. It forms a new gateway to the Thames Barrier Park in the London Borough of Newham.

Grainger will buy the remaining 82 units of the site which will be affordable homes.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Grainger Market Data

Currency UK Pounds
Share Price 237.00p
Change Today -1.00p
% Change -0.42 %
52 Week High 274.80
52 Week Low 217.60
Volume 594,986
Shares Issued 741.56m
Market Cap £1,757.49m
RiskGrade 114

Grainger Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
34.73% below the market average34.73% below the market average34.73% below the market average34.73% below the market average34.73% below the market average
38.1% below the sector average38.1% below the sector average38.1% below the sector average38.1% below the sector average38.1% below the sector average
Income Not Available
Growth
83.43% below the market average83.43% below the market average83.43% below the market average83.43% below the market average83.43% below the market average
57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 1
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Grainger Dividends

  Latest Previous
  Interim Final
Ex-Div 23-May-24 28-Dec-23
Paid 05-Jul-24 14-Feb-24
Amount 2.54p 4.37p

Trades for 17-Jun-2024

Time Volume / Share Price
16:35 455,379 @ 237.00p
16:35 383 @ 237.00p
16:35 784 @ 237.00p
16:35 610 @ 237.00p
16:35 2,792 @ 237.00p

Grainger Key Personnel

CEO Helen Gordon
CFO Robert Hudson

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