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Grainger plc
Grainger plc () is a British-based residential property business. It is headquartered in Newcastle upon Tyne and is a constituent of the FTSE 250 Index.
==History==
The business was established by the Dickinson family in 1912 as the ''Grainger Trust'' to acquire tenanted residential properties in Newcastle upon Tyne. In the 1970s and 1980s 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.〔''(Grainger, Development Securities buy Birmingham site for 33.5 mln stg )'' - Hemscott〕 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.〔(King Street Regeneration breathing life into Hammersmith )〕 In 2010, Grainger acquired AIM-listed Sovereign Reversions, an equity release provider, and subsequently formed a 50:50 joint venture with Moorfield, a UK real estate investor, developer and private equity fund manager.
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