Grainger increases turnover by 9% as it prepares to become a REIT

Grainger Guildfod

Firm increases sales revenue 42% as part of asset recycling initiative

Grainger has increased its turnover by 9%.

Britian’s largest listed residential landlord and build-to-rent developer reported turnover of £290.1m in the year to 30 September, up from £267.1m the previous year.

The group’s net rental income increased 14% from £96.5m to £110.1m over the same period. The group said the increase was “driven by a combination of strong delivery of pipeline scheme launches which contributed £10.9m along with another year of good rental growth reflecting strong demand for our product.”

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