Grainger has disposed of the last major tranche of assets in Germany, leaving only a small number of assets remaining. This transaction has delivered a c.£42m gross consideration. Grainger is progressively disposing of noncore assets – including the German estate and the Equity release business – in order to focus on investing in UK Private Rented Sector (“PRS”) residential housing. Investments have already been made in both standing stock and forward purchase agreements. Grainger continues to t ....
13 Apr 2016
Disposal of last major tranche of German assets
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Disposal of last major tranche of German assets
Grainger plc (GRI:LON) | 252 3.8 0.6% | Mkt Cap: 1,871m
- Published:
13 Apr 2016 -
Author:
Andrew Watson -
Pages:
3
Grainger has disposed of the last major tranche of assets in Germany, leaving only a small number of assets remaining. This transaction has delivered a c.£42m gross consideration. Grainger is progressively disposing of noncore assets – including the German estate and the Equity release business – in order to focus on investing in UK Private Rented Sector (“PRS”) residential housing. Investments have already been made in both standing stock and forward purchase agreements. Grainger continues to t ....