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Grainger plc is a British-based residential property business. It is headquartered in Newcastle upon Tyne and is a constituent of the
As at 30 September 2021 its investment portfolio was valued at £2.2 billion and its development and trading portfolio was valued at £0.6 billion.
Official websiteGrainger CR Report
{{Authority control Companies based in Newcastle upon Tyne Real estate companies established in 1912 Property companies of the United Kingdom Companies listed on the London Stock Exchange 1912 establishments in England
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.
History
The business was established by the Dickinson family in 1912 as the ''Grainger Trust'' to acquire tenanted residential properties in Newcastle upon Tyne. In the 1970s and 1980s it acquired large residential estates fromBritish Coal
The British Coal Corporation was a nationalised corporation responsible for the mining of coal in the United Kingdom from 1987 until it was effectively dissolved in 1997. The corporation was created by renaming its predecessor, the National Co ...
, British Rail
British Railways (BR), which from 1965 traded as British Rail, was a state-owned company that operated most of the overground rail transport in Great Britain from 1948 to 1997. It was formed from the nationalisation of the Big Four British rai ...
and Reckitt & Coleman. It was first listed on the London Stock Exchange in 1983. In 1989 it acquired ''Channel Hotels & Properties'' and in 2003 it acquired ''Bradford Property Trust''.
From 1987 to 2002, Quentin Wallop, 10th Earl of Portsmouth, was a non-executive director, and as of 1999 he owned 16.55% of the equity, making him the firm's largest shareholder of the company.
In 2006 Grainger entered into a joint venture with Development Securities to develop Curzon Park in Birmingham. In 2007 it changed its name to ''Grainger plc''. In 2008 a consortium of Helical Bar and Grainger was named as the preferred developer for the King Street regeneration scheme in Hammersmith
Hammersmith is a district of West London, England, southwest of Charing Cross. It is the administrative centre of the London Borough of Hammersmith and Fulham, and identified in the London Plan as one of 35 major centres in Greater London.
...
. In 2010, Grainger acquired AIM-listed Sovereign Reversions, an equity release provider, and subsequently formed a 50:50 joint venture with Moorfield, a UK real estate investor, developer and private equity fund manager.
In 2011 the company entered into a development agreement with the Defence Infrastructure Organisation to create the Wellesley Development, which incorporates the Cambridge Military Hospital at Aldershot and which will generate 3,850 homes. In 2019, Grainger was announced as the build-to-rent partner of Transport for London (TfL), which will build new homes on land in TfL's ownership, potentially delivering in excess of 3,000 homes across London.
Operations
As at 30 September 2021 its investment portfolio was valued at £2.2 billion and its development and trading portfolio was valued at £0.6 billion.
References
External links
Official website
{{Authority control Companies based in Newcastle upon Tyne Real estate companies established in 1912 Property companies of the United Kingdom Companies listed on the London Stock Exchange 1912 establishments in England