Grainger acquires build to rent scheme in £32m deal

Grainger, the listed residential landlord, has exchanged contracts with Abode Hallam and agreed to forward fund and acquire a private rented sector (PRS) build to rent development in Sheffield for around £32m.

The company said that Eccy Village, comprising 237 new purpose built PRS homes, is expected to generate a gross yield on cost of over 7% once stabilised, with completion anticipated by the end of 2019.

Abode Hallam will develop the site to Grainger's specificati... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...