The country’s largest listed residential landlord has backed up its pledge to be at the forefront of the emerging build-to-rent sector.
Grainger said in January 2016 that it would invest £850m in the private rented sector to address growing demand for rented accommodation from older generations struggling to afford a home.
In a trading statement for the four months to the end of September, released yesterday, it said that it had invested £690 million and had a pipeline of 4,300 homes built solely for rent. It had secured four deals totalling £166 million since November, including plans to build 237 rental homes in Sheffield.
