Grainger PRS growth 3.1%; Investment pipeline on track
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Residential landlord Grainger said its private rented sector (PRS) portfolio achieved like-for-like growth of 3.1% in the year to date.
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Chief executive Helen Gordon said the portfolio continued to deliver “strong”, while sales were 1.3% above vacant possession value.
PRS portfolio occupancy was at 97.2%.
“Our PRS investment pipeline, which now stands at £817m secured, is progressing well and is on track to deliver a step change in our net rental income and dividend as the pipeline stabilises,” Gordon said.
“The remainder of our pipeline projects are all on track to deliver on plan, on time and within budget.”