Grainger - Britain’s largest listed residential landlord, which has pledged to invest £850m in Build To Rent - says the rental sector is proving resilient to Brexit and other economic headwinds.
In a report to shareholders, Grainger says it has so far allocated some £651m to Build To Rent with most of its future homes for the sector still in planning or construction stages.
“2018 will be an active period for investment as we target new schemes and develop [Build To Rent] assets” explains chief executive Helen Gordon.
The company reported pre-tax profits of £86.3m in the year to the end of September, some two per cent above the previous 12 month period.
Earlier this year Mark Clare, the former Barratt Developments chief executive, became Grainger’s chairman.