Grainger Chosen For TfL Homes Deal

Grainger plc has been selected by Transport for London (TfL) as its preferred bidder for a strategic partnership to build over 3,000 new homes across eight sites in London.

The homes, with a minimum of 40% affordable and the remainder for private rental,  will be built on TfL land adjacent to railway and tube stations at Canning Town, Ealing, Nine Elms, Woolwich, Hounslow, Cockfosters, Arnos Grove and Kennington. Work has already started on preparing planning applications for several sites.

Helen Gordon, Chief Executive of Grainger, said: “We are delighted to be selected by TfL to work with them to deliver over 3,000 homes for Londoners. Through this long-term partnership we will provide much needed quality, purpose-built rental homes in attractive locations with great transport connections across the city. Future residents will benefit from Grainger’s experience and expertise, dedicated onsite management, and commitment to delivering great rental homes.”

“This partnership reaffirms Grainger’s position as a leading partner for development schemes in London, and further strengthens our existing presence in the capital.”

The deal is notable not only for the substantial housing capacity it will provide in highly accessible suburban London sites, and in the build to rent sector, but for the number of properties it will add to Grainger’s portfolio. Grainger plc is already the UK’s largest listed residential landlord with over 8,200 homes and will own 51% of the joint venture structure.

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Source Grainger plc
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