Transport for London has selected Britain’s biggest listed residential landlord as its preferred partner to build and manage more than 3,000 homes for rent across the city.
Grainger, the FTSE 250 landlord of rental homes, has fought off competition from Argent Related, a regeneration specialist, and Greystar, an American rental housing developer, to be selected as the London transport provider’s investment partner.
The partnership, which will be 49%-owned by Transport for London and 51% by Grainger, is expected to provide homes over eight sites next to stations, including the Hounslow West and Cockfosters Underground stations.
