Grainger plc is a

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

-based residential property business. It is headquartered in

Newcastle upon Tyne Newcastle upon Tyne ( RP: , ), or simply Newcastle, is a city and metropolitan borough in Tyne and Wear, England. The city is located on the River Tyne's northern bank and forms the largest part of the Tyneside built-up area. Newcastle is ...

and is a constituent of the FTSE 250 Index.

History

The business was established by the Dickinson family in 1912 as the ''Grainger Trust'' to acquire tenanted residential properties in

. In the 1970s and 1980s it acquired large residential estates from British Coal, British Rail and Reckitt & Coleman. It was first listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

in 1983. In 1989 it acquired ''Channel Hotels & Properties'' and in 2003 it acquired ''Bradford Property Trust''. From 1987 to 2002,

Quentin Wallop, 10th Earl of Portsmouth Quentin Gerard Carew Wallop, 10th Earl of Portsmouth, (born 25 July 1954), styled Viscount Lymington in 1984, is a British peer and current head of the Wallop family. Early life Quentin Wallop was born on 25 July 1954, the son of Oliver Kint ...

, was a non-executive director, and as of 1999 he owned 16.55% of the equity, making him the firm's largest shareholder of the company. In 2006 Grainger entered into a joint venture with Development Securities to develop Curzon Park in

Birmingham Birmingham ( ) is a City status in the United Kingdom, city and metropolitan borough in the metropolitan county of West Midlands (county), West Midlands in England. It is the second-largest city in the United Kingdom with a population of 1. ...

. In 2007 it changed its name to ''Grainger plc''. In 2008 a consortium of Helical Bar and Grainger was named as the preferred developer for the King Street regeneration scheme in Hammersmith. In 2010, Grainger acquired AIM-listed Sovereign Reversions, an

equity release Equity release is a means of retaining use of a house or other asset which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the asset. Pricing of no negative equity guarantee The UK Prudenti ...

provider, and subsequently formed a 50:50 joint venture with Moorfield, a UK real estate investor, developer and private equity fund manager. In 2011 the company entered into a development agreement with the

Defence Infrastructure Organisation Defence Infrastructure Organisation (DIO) is an operating arm of the Ministry of Defence (MoD) in the United Kingdom, which is responsible for the built and rural estate. Its Chief Executive is Graham Dalton. History The DIO was formed in 2011 i ...

to create the Wellesley Development, which incorporates the

Cambridge Military Hospital Cambridge Military Hospital was a hospital completed in 1879 in Aldershot Garrison, Hampshire, England which served the various British Army camps there. During World War I, the Cambridge Hospital was the first base hospital to receive casualt ...

Aldershot Aldershot () is a town in Hampshire, England. It lies on heathland in the extreme northeast corner of the county, southwest of London. The area is administered by Rushmoor Borough Council. The town has a population of 37,131, while the Alder ...

and which will generate 3,850 homes. In 2019, Grainger was announced as the build-to-rent partner of Transport for London (TfL), which will build new homes on land in TfL's ownership, potentially delivering in excess of 3,000 homes across

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

Operations

Grainger offices on Queen's Road, Aldershot

As at 30 September 2021 its investment portfolio was valued at £2.2 billion and its development and trading portfolio was valued at £0.6 billion.

References

External links

Official websiteGrainger CR Report
{{Authority control Companies based in Newcastle upon Tyne Real estate companies established in 1912 Property companies of the United Kingdom Companies listed on the London Stock Exchange 1912 establishments in England