Grainger PLC

M&A Activity • Dec 14, 2017

National Storage Mechanism | Additional information

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RNS Number : 2497Z

Grainger PLC

14 December 2017

14 December 2017

Lewisham Council selects Grainger as its partner to deliver a major, ground-breaking new rental housing scheme

Lewisham Council has announced that Grainger plc, the UK's largest listed residential landlord, has been selected as the preferred bidder for a partnership to develop and own 232 new purpose-built private rented homes and provide a new ethical rental offer to Lewisham residents including long-term, family-friendly tenancies.

The partnership will develop around 232 homes, including 35% affordable homes to be let at the 'London Living Rent', on a site at Besson Street in New Cross. In addition to the 232 new homes, the partnership will also develop a health centre for the local community, new office space for the New Cross Gate Trust and an outdoor gym.

Lewisham Council and Grainger will now finalise the legal agreement and will make a further announcement in the spring of 2018, when the partnership is expected to be formally launched.

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For further information:

Grainger plc

Kurt Mueller

London Office Tel: +44 (0) 20 7940 9500

This information is provided by RNS

The company news service from the London Stock Exchange

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