Van Lanschot Kempen Logo
  • Home
  • Solutions
  • News & knowledge
  • About us
Dec 2018
Grainger plc
Financial Adviser
696 million
Acquisition of non-held shares in GRIP

Grainger

Financial Adviser

Kempen is pleased to announce that it acted as financial advisor in the successful £347m rights issue of Grainger

Transaction highlights

  • In the rights issue 194,758,491 new ordinary shares were issued (representing c. 47% of pre-deal outstanding share capital)
  • Proceeds of the Rights Issue are to be used to finance the acquisition of GRIP REIT plc (“GRIP”) from its joint venture partner, APG, resulting in 100% ownership by Grainger
  • Preceding the transaction, GRIP was a joint venture between Grainger and APG with ownerships of 24.9% and 75.1%, respectively
  • At time of transaction, GRIP held 35 PRS (private rented sector) assets representing c. 1,700 units with a gross asset value of £696m

Company description

  • Grainger Plc is the United Kingdom’s largest listed residential landlord with an existing portfolio of over 9,000 rental homes
  • The firm plans to invest £1.2bn in 5,000 new rental homes over the next two to three years

Fully focused on your future

Private Banking

  • Offices
  • Business professionals
  • Executives
  • Doctors
  • Entrepreneurs
  • Wealth management
  • Conditions
  • Private Banking - Belgium
  • Private Banking - Switzerland

Professional Solutions


Investment Management


Investment Banking



© Van Lanschot Kempen 2022
Security
Privacy & cookies
Disclaimer