Grainger plc

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(London:GRI)
Contact Information
Grainger plc
Citygate, St. James' Boulevard
Newcastle NE1 4JE, United Kingdom
Tel. +44-191-261-1819
Fax +44-191-269-5901

Type: Public
On the web: http://www.graingerplc.co.uk
Employees: 280
Employee growth: 8.1%

Grainger is one of the UK's largest public residential property investment firms. Founded in 1912, the company owns and manages some 14,000 apartment properties in the UK and another 7,000 in Germany. Its UK portfolio includes primarily tenanted rental homes (which are regularly sold upon being vacated), as well as nursing homes. The firm develops and brokers new residential and mixed-use properties, as well. Grainger is involved in a handful of joint ventures that are developing residential properties in other parts of Europe such as the Czech Republic. After slowing acquisitions during the economic downturn, Grainger stepped back up in 2010 to buy Sovereign Reversions, an equity release investment specialist.

Key numbers for fiscal year ending September, 2011:
Sales: $462.8M
One year growth: 19.8%
Net income: $61.1M

Officers:
Chairman: Robin S. Broadhurst
COO and Managing Director, Retirement Solutions: Peter Couch
Acting Chief Executive, Deputy Chief Executive, Finance Director, and Board Member: Andrew Cunningham

Competitors:
Crest Nicholson
Daejan
Mountview Estates PLC

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