November 28, 2016 / 7:46 AM / 3 years ago

BRIEF-Grainger says to buy properties worth c.46 mln stg

Nov 28 (Reuters) - Grainger Plc :

* Acquisition

* 46 mln stg build-to-rent scheme in Bristol to deliver c.200 PRS homes

* Grainger will forward fund project, while Cubex Land will be developer and Willmott Dixon will be contractor

* Site, which has planning consent, will deliver 194 private rental homes across two blocks and is expected to complete at beginning of 2019

* It is anticipated to generate a gross yield on cost of c.7 pct once fully let in 2019 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below