Email Facebook Twitter

Tech company Mporium delivers an outstanding set of Q1 results says CEO De Groot
IronRidge Resources CEO hails spectacular lithium project and money making potential for gold

ShareCast News

Grainger in 41m London private rental development deal

Fri, 9th Nov 2018 07:09

(Sharecast News) - Listed residential landlord Grainger said it had agreed to forward fund and buy a 108 home private rental development in Tottenham Hale, North London for 41m.

The developer is Waterside Places, a Joint Venture between national development and urban regeneration specialists, Muse Developments, and the Canal & River Trust.

Grainger said expected the investment to generate a gross yield on cost of between 5.5-6% once stabilised, with completion anticipated in early 2021.

"This is a highly attractive investment opportunity and meets Grainger's strict and disciplined investment criteria. The scheme builds on Grainger's existing portfolio of private rented sector investments in Haringey which will provide scale and operational efficiencies once practical completion has occurred," the company said.

Back to ShareCast News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.