Grainger plc
From Wikipedia, the free encyclopedia
| Grainger plc | |
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| Type | Public (LSE: GRI) |
| Founded | 1913 |
| Headquarters | Newcastle upon Tyne, UK |
| Key people | Robin Broadhurst, Chairman Rupert Dickinson, CEO |
| Industry | Property |
| Revenue | £229.3 million (2007) |
| Operating income | £98.9 million (2007) |
| Net income | £60.9 million (2007) |
| Website | www.graingerplc.co.uk |
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.
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[edit] 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.[1] 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.[2]
[edit] Structure
The Company is organised as follows:
- UK - 14,000 properties
- Germany - 3,500 properties
- Development - Curzon Park, Birmingham
