Grainger, the UK’s largest listed residential landlord, has announced two new Build To Rent developments.
The company has acquired Exmouth Junction in Exeter which has planning consent for 230 homes. And it’s acquired a site in Sheffield: Brook Place 2 could deliver up to 250 BTR homes, and is adjacent to Grainger’s existing Brook Place scheme which opened in 2019 and has 237 homes.
The sites will be developed by Grainger as one of its many routes to sourcing future schemes.
These routes also include forward funding third party developers; acquisition of existing assets; and joint venture and partnership arrangements such as its high profile Connected Living London partnership with Transport for London.
Helen Gordon, chief executive officer of Grainger, says: “We are pleased to acquire these two development sites in Exeter and Sheffield, leveraging our in-house development capabilities and aligned to our national growth strategy. Both cities are very attractive from a BTR investment perspective and will perfectly complement our growing portfolio.”