IN BRIEF: Construction starts on Grainger build-to-rent in Guilford

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Grainger PLC - Newcastle-upon-Tyne, England-based residential landlord - Construction starts on build-to-rent project in Guildford, Surrey that will provide 179 rental homes. The project, in which Grainger is investing £75 million, is the company’s second in Guildford. It is located at Guildford Station. It is in partnership with Solum, a joint venture between divisions of Network Rail and construction firm Kier Group PLC. Construction is expected to be completed in 2028 and contribute to Grainger’s financial 2028 earnings.

Current stock price: 194.00 pence, up 2.1%

12-month change: down 6.7%

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