Grainger raises £185m to fund rental developments

By Hamish Champ2020-02-14T06:00:00

Group issues 61m shares to boost schemes in Cardiff, Nottingham, Birmingham and London

Build-to-rent developer Grainger is seeking to raise around £185m via a share placing to extend its development pipeline.

The placing of up to 61.2m shares, which are likely to start trading next week, is expected to increase Grainger’s secured PRS investment pipeline by £246m to £978m, delivering 4,369 homes.

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