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23 Jun, 2022 07:13

Grainger buys Bristol build-to-rent development for £128m

UK residential landlord Grainger on Thursday said it had agreed to forward fund and buy the build-to-rent element of a Bristol development for £128m.

The “Redcliff Quarter” comprises 374 private rental homes, as well as 94 affordable homes and six commercial units, the company said.

Construction is expected to start in the third quarter of this year, with practical completion of the final element targeted for early 2025. It is anticipated that the scheme, including the commercial element, will generate a gross yield on cost of 6% once fully let and stabilised.


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.