Operating income Founded 1912 | Net income £42.7 million (2015) Revenue 244.1 million GBP (2015) | |
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Key people Robin Broadhurst, ChairmanAndrew Cunningham, CEOMark Greenwood, Finance DirectorNick Jopling, Executive Director for Property Subsidiaries Grainger Residential Management LimitedBridgewater Equity Release Stock price GRI (LON) 254.00 GBX -0.60 (-0.24%)17 Mar, 4:35 PM GMT - Disclaimer Profiles | ||
Grainger plc logo centenary evolution
Grainger plc (LSE: GRI) is a British-based residential property business. It is headquartered in Newcastle upon Tyne and is a constituent of the FTSE 250 Index.
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History
The business was established by the Dickinson family in 1912 as the Grainger Trust to acquire tenanted residential properties in Newcastle upon Tyne. 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 in 1983. In 1989 it acquired Channel Hotels & Properties and in 2003 it acquired Bradford Property Trust.
In 2006 it entered into a joint venture with Development Securities to develop Curzon Park in Birmingham. 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 provider, and subsequently formed a 50:50 joint venture with Moorfield, a UK real estate investor, developer and private equity fund manager.
Operations
The Company is organised as follows:
As at 30 September 2015 its investment portfolio was valued at £358 million and its development and trading portfolio was valued at £1,152 million.