The GRIP property fund, in which Grainger has a 25% interest, has acquired a PRS portfolio in Kew Bridge, London for £57.3m. The site is an unbroken portfolio of 94 flats, 4 houses and 80 parking spaces; expected to deliver c.£3m gross rental income p.a.. There is development and asset management potential with existing planning permission for 5 additional units. We are encouraged that Grainger has secured a tenanted acquisition, although this is a small contribution to the £850m strategic targe ....
