Newspaper article The Journal (Newcastle, England)

Grainger Trust Shops for Homes

Newspaper article The Journal (Newcastle, England)

Grainger Trust Shops for Homes

Article excerpt

Grainger Trust is increasing its presence in Europe by snapping up pounds 45m worth of residential property in Germany.

The Journal revealed last month that the Newcastle property company was stepping up its international expansion with pounds 100m worth of development deals and purchases in Estonia, Germany and the Czech Republic.

The company, which has a pounds 1.6bn portfolio in the UK, has bought three more residential portfolios for pounds 45.6m cash. It said the move was part of an effort to extend the geographical and value spread of its assets.

Finance director Andrew Cunningham said: "We had hinted that we had a couple more acquisitions in the pipeline and this one is slightly different because it's in a different geographical region of Germany.

"One part of the portfolio is in the south-west in Baden-Wuerttemberg and the other part is in the capital in Berlin and this gives us a bit of geographical diversity, just as when we buy in the UK it's a good idea to spread across the country. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.