Grainger plc


Grainger plc

Infobox Company
company_name = Grainger plc
company_
company_type = Public (lse|GRI)
foundation = 1913
location = Newcastle upon Tyne, UK
key_people = Robin Broadhurst, Chairman
Rupert Dickinson, CEO
industry = Property
products =
revenue = £229.3 million (2007)
operating_income = £98.9 million (2007)
net_income = £60.9 million (2007)
num_employees =
parent =
subsid =
homepage = [http://www.graingerplc.co.uk www.graingerplc.co.uk]
slogan =
footnotes =

Grainger plc (lse|GRI) is a leading British-based residential property business. It is headquartered in Newcastle upon Tyne and is a constituent of the FTSE 250 Index.

History

The business was established in 1912 as the "Grainger Trust" to acquire tenanted residential properties in Newcastle upon Tyne. In the 1970's and 1980's 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. [" [http://www.hemscott.com/news/latest-news/item.do?newsId=37628208543155 Grainger, Development Securities buy Birmingham site for 33.5 mln stg] " - Hemscott] 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. [ [http://www.lbhf.gov.uk/Directory/News_and_Media/Press_office/Press_releases/97305_King_Street_regeneration_Breathing_life_into_Hammersmith.asp King Street Regeneration breathing life into Hammersmith] ]

Operations

The Company is organised as follows:
* UK - 14,000 properties
* Germany - 3,500 properties
* Development - Curzon Park, Birmingham

References

External links

* [http://www.graingerplc.co.uk Official site]


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