By Frank Prenesti
Date: Friday 27 Sep 2019
LONDON (ShareCast) - (Sharecast News) - Grainger, the UK's largest listed provider of private rental housing, reported overall rental growth of 3.4% in the 11 months to August 31.
Like-for-like growth on its private rental sector (PRS) homes was 3.1%, the company said in a trading statement, adding that annualised rental growth on regulated tenancy rental reviews was 4.2%.
Grainger said it had agreed non-binding terms with property developer Cubex Land to buy a 231 home build-to-rent scheme in Bristol.
"A further 17 schemes are in the planning and legal stages, now totaling 5,381 units, representing an investment value of £1.20m, including seven within our Transport for London partnership," the company said on Friday.
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