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Grainger company logo
Corporation
FINANCE | Real Estate
graingerplc.co.uk

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Portfolio Exits

1

Partners & Customers

10

Service Providers

1

About Grainger

Grainger (LSE: GRI) together with its subsidiaries, owns, acquires, develops, manages, rents, sells, and trades in residential properties in the United Kingdom and Germany. The Company operates through five segments: UK Residential, Retirement Solutions, Fund and Third-Party Management, UK and European Development, and German Residential.

Grainger Headquarter Location

Citygate St. James' Blvd

Newcastle upon Tyne, England, NE1 4JE,

United Kingdom

+44 (0) 207 940 9500

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Grainger Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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Grainger Rank

Latest Grainger News

Rental income up at Grainger

May 12, 2022

12 May 2022 North East Property Alice Bird Listed property company Grainger has reported increases in adjusted earnings and rental income, with further growth expected as the UK rental market continues to have a "hugely attractive outlook". In its newly published results for the six months ended 31 March 2022, the Newcastle-headquartered company reported a 23 per cent increase in adjusted earnings to £46.3m. Net rental income also rose 23 per cent to £42.8m, with a 3.5 per cent uptick in like-for-like rental growth. At the end of March, the company had 98 per cent occupancy in its PRS portfolio, which is ahead of pre-pandemic levels. Residential sales profit was also up to £31.6m. During the period, Grainger made four acquisitions, in London, Exeter, Hampshire and Sheffield, adding about 1,131 homes to its build-to-rent, PRS pipeline and £14m of annual net rental income. Three of the four deals were land acquisitions, with the fourth being a forward funding project. Chief executive Helen Gordon said that the "particularly strong performance" was largely driven by its acceleration of growth in net rental income. She said: "This is a result of an exceptional lettings performance by the team, which also drove occupancy in our PRS portfolio to 98 per cent combined with like-for-like rental growth of 3.5 per cent and a record rate of lease up of our recent launches. The market has strengthened swiftly over the past six months and we have successfully capitalised on this opportunity. "We are delivering on our growth plans which will see us double in size in the coming years, providing exceptional earnings growth and attractive high single digit total returns to shareholders. "The UK rental market continues to have a hugely attractive outlook with significant demand, rental growth, yield compression, and structural drivers that favour the professional, large-scale landlord. At the same time, Grainger is in a strong position as market leader with a scalable national operating platform, fully-funded secured pipeline and fully integrated business model. "We are well prepared for the economic challenges facing the UK today of inflation and cost of living rises. With a resilient customer base, high quality energy efficient homes, fixed debt costs, fixed delivery costs across the majority of our secured pipeline and limited direct exposure to other inflationary pressures, we are confident in the outlook for our business." TAGS

Grainger Portfolio Exits

1 Portfolio Exit

Grainger has 1 portfolio exit. Their latest portfolio exit was Grainger - Retirement Solutions on January 05, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/5/2016

Divestiture

$99M

1

Date

1/5/2016

Exit

Divestiture

Companies

Valuation

$99M

Acquirer

Sources

1

Grainger Acquisitions

1 Acquisition

Grainger acquired 1 company. Their latest acquisition was GRIP REIT on November 14, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/14/2018

$99M

Acquired

2

Date

11/14/2018

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

2

Grainger Partners & Customers

10 Partners and customers

Grainger has 10 strategic partners and customers. Grainger recently partnered with Transport for London on December 12, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

12/16/2020

Client

United Kingdom

TfL and Grainger get approval for new rental homes near Kennington station

Grainger , the UK 's largest listed residential landlord , was picked last year to help TfL create 3000 rental homes , of which a number will be affordable , across eight sites .

1

2/25/2020

Partner

United Kingdom

Movebubble Announces New Partnership With Grainger. Written by Ilaria Colasanti | Feb 25, 2020 8:00:00 AM.

This partnership will see Grainger marketing a selection of its best private rental homes on the Movebubble platform , starting with newly launched buildings Millet Place in Pontoon Dock , East London , and Solstice Apartments in Milton Keynes .

2

4/24/2018

Vendor

United States

mri-logo-loader News  |  April 24, 2018  |  MRI. Grainger PLC Selects MRI’s Property Accounting and Financial Management Solutions as Part of its Digital Transformation - MRI Software Another UK Residential Real Estate Giant Chooses MRI’s Open and Connected Platform as Grainger Leverages Automation and Scalability for Rapid Growth.

SOLON , Ohio -- April 24 , 2018 -- MRI Software , a global leader in real estate software solutions , today announced that Grainger PLC. plc , the U.K. 's largest listed residential landlord , has selected MRI Software 's open and connected property accounting and financial management platform to support its digital transformation and help power its expanding portfolio .

1

2/15/2017

Vendor

India

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10

3/17/2016

Vendor

United States

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10

Date

12/16/2020

2/25/2020

4/24/2018

2/15/2017

3/17/2016

Type

Client

Partner

Vendor

Vendor

Vendor

Business Partner

Country

United Kingdom

United Kingdom

United States

India

United States

News Snippet

TfL and Grainger get approval for new rental homes near Kennington station

Grainger , the UK 's largest listed residential landlord , was picked last year to help TfL create 3000 rental homes , of which a number will be affordable , across eight sites .

Movebubble Announces New Partnership With Grainger. Written by Ilaria Colasanti | Feb 25, 2020 8:00:00 AM.

This partnership will see Grainger marketing a selection of its best private rental homes on the Movebubble platform , starting with newly launched buildings Millet Place in Pontoon Dock , East London , and Solstice Apartments in Milton Keynes .

mri-logo-loader News  |  April 24, 2018  |  MRI. Grainger PLC Selects MRI’s Property Accounting and Financial Management Solutions as Part of its Digital Transformation - MRI Software Another UK Residential Real Estate Giant Chooses MRI’s Open and Connected Platform as Grainger Leverages Automation and Scalability for Rapid Growth.

SOLON , Ohio -- April 24 , 2018 -- MRI Software , a global leader in real estate software solutions , today announced that Grainger PLC. plc , the U.K. 's largest listed residential landlord , has selected MRI Software 's open and connected property accounting and financial management platform to support its digital transformation and help power its expanding portfolio .

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Sources

1

2

1

10

10

Grainger Service Providers

1 Service Provider

Grainger has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acquired

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Grainger Team

6 Team Members

Grainger has 6 team members, including former President, Court Carruthers.

Name

Work History

Title

Status

Court Carruthers

President

Former

O.W. Eric Nowlin

President

Former

Michael Pulick

President, Senior Vice President

Former

Keith Reville

Lebara, Electrocomponents, EE, Hilton Worldwide, and Thomas Cook Group

Chief Operating Officer

Former

Ray Feeney

Chief Technology Officer

Former

Name

Court Carruthers

O.W. Eric Nowlin

Michael Pulick

Keith Reville

Ray Feeney

Work History

Lebara, Electrocomponents, EE, Hilton Worldwide, and Thomas Cook Group

Title

President

President

President, Senior Vice President

Chief Operating Officer

Chief Technology Officer

Status

Former

Former

Former

Former

Former

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