By Frank Prenesti
Date: Thursday 05 Dec 2019
LONDON (ShareCast) - (Sharecast News) - Grainger, the UK's largest listed provider of private rental homes, said it had agreed to forward fund and buy a 307 home development in Cardiff for £57m.
The company on Thursday said it expected the investment to generate a gross yield on cost approaching 7% once stabilised, with completion anticipated in mid-2022.
"Cardiff is a key target city for Grainger's private rental sector investment strategy due to its strong economic prospects and growth potential. Despite strong rental market fundamentals, the city has a limited amount of amenitised, purpose-built, build-to-rent housing," Grainger said in a statement.
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 258.00p |
Change Today | -6.00p |
% Change | -2.27 % |
52 Week High | 274.80p |
52 Week Low | 217.60p |
Volume | 1,070,256 |
Shares Issued | 741.56m |
Market Cap | £1,913.22m |
RiskGrade | 114 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 4 |
Buy | 5 |
Neutral | 1 |
Sell | 0 |
Strong Sell | 0 |
Total | 10 |
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 23-May-24 | 28-Dec-23 |
Paid | 05-Jul-24 | 14-Feb-24 |
Amount | 2.54p | 4.37p |
Time | Volume / Share Price |
16:51 | 5,214 @ 258.00p |
16:36 | 130,365 @ 258.00p |
16:35 | 15,137 @ 258.00p |
16:35 | 4,106 @ 258.00p |
16:35 | 686,954 @ 258.00p |
You are here: research