Britain’s biggest listed residential landlord plans to increase its investment in the burgeoning private rental sector to £1.2bn over the next three years as demand for its properties soars.
Grainger, which owns 9,000 rental homes in Britain, is close to approaching the £850m target it set in January 2016 to invest in building properties solely for renting.
The FTSE 250 company had previously specialised in buying regulated tenancies, collecting the rent and then selling them to private investors at a profit when the occupants left or died.
