Login

Grainger/APG's PRS vehicle converts to UK REIT for £1.1bn drive

Grainger and APG, the circa 25:75 respective owners of GRIP, the private rented sector investment vehicle, have established GRIP REIT, a real estate investment trust, as the new holding company for their joint venture. The move will not involve any change to either party's economic interest in the related property portfolio (or the joint venture).
CoStar News
July 19, 2016 | 3:08 P.M.

With a property portfolio of more than £600m of private rented sector (PRS) assets, the new status makes GRIP the UK’s largest residential REIT with an investment focus on PRS assets in London and the South East of England.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In