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Grainger acquires 146-home development in Canning Town for about £62m

Tuesday, 9th July 2019
Listed residential landlord Grainger said it had agreed to forward fund a 146-home development in the Hallsville Quarter Development at Canning Town, London for about £62m.

Linkcity is the developer of the 146-home development (known as 'build to rent') with about 12,500 sqft commercial space, and the building contractor is Bouygues UK.

This was the fourth PRS scheme Linkcity and Bouygues UK would deliver for Grainger.

'We are pleased to further strengthen our London presence with this acquisition, which will deliver 146 high quality homes for rent in London, one of our top target cities,' Grainger said.

'The area is undergoing significant regeneration, and we know from our experience with Argo Apartments that this is a very popular location to live, with such great access to the wider city. Upon completion of this project, Grainger's east London cluster will comprise 534 purpose-built PRS homes.'




Story provided by StockMarketWire.com

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