Grainger raises £209m to fund growth push

CLL Southall

UK’s largest build to rent landlord to use the cash to forward fund series of developments

The UK’s largest build to rent landlord, Grainger, has raised £209m from its shareholders in a bid to accelerate its existing growth strategy.

The listed firm said that alongside additional borrowing, the issuing of new shares would generate around £360m of additional funding capacity, with which it intends to forward fund a series of developments, delivering more than 2,000 homes.

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