RCS - Grainger PLC - Construction completes on latest BTR scheme

GraingerAnnouncement

25/06/2025 07:02

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RNS Number : 2332O  Grainger PLC  25 June 2025

25 June 2025

 

Grainger plc

 

 Construction completes on latest BTR scheme

§ Seraphina Apartments reaches practical completion

§ Due to launch later this summer

§ Demonstrating the strength and scalability of Grainger's cluster strategy

 

Grainger plc, the UK's largest listed residential landlord and leader in the
Build to Rent (BTR) sector providing more than 11,000 rental homes and with a
c.£1.3bn, c.4,500 BTR home pipeline, is pleased to announce the practical
completion of the third phase at Grainger's Fortunes Dock cluster in Canning
Town, Seraphina Apartments, which comprises 132 high quality BTR homes. This
marks a significant milestone in the transformation of Fortunes Dock,
Grainger's residential destination in East London, which now totals 412 homes
across three schemes.

 

Helen Gordon, Chief Executive, said:

"Seraphina Apartments is the final piece in our Fortunes Dock, Canning Town
cluster, bringing to completion a vision that has already transformed the area
into a vibrant community. Building on the success of our two existing
developments, Argo Apartments and Nautilus Apartments, Seraphina delivers yet
more high-quality build-to-rent homes designed with our customers in mind.

 

"Fortunes Dock in Hallsville Quarter has flourished into a thriving
destination, benefiting from superb transport connections with the Jubilee
Line and DLR and a unique blend of high street and independent shops, cafes,
bars, and restaurants on the doorstep. We look forward to launching Seraphina
later this summer and welcoming new residents as this community continues to
grow."

 

Seraphina Apartments builds on the success of the two existing developments
Nautilus Apartments and Argo Apartments, bringing the number of homes at
Fortunes Dock to 412 homes and total investment by Grainger into Canning Town
to c.£152 million. Grainger's investment in East London strengthens its
strategy of developing clusters, with multiple schemes in close proximity,
enhancing operational efficiencies, strengthening brand visibility, and
providing a deeper understanding of local customer preferences. This cluster
approach has proven successful, with developments such as Millwrights Place,
Grainger's second scheme in Bristol, reaching stabilisation at 95% lease-up in
under a year.

 

Seraphina Apartments is named in tribute to vessels built by Thames Ironworks
and Ship Building Ltd, operating out of Canning Town, from 1835 until 1912. It
reflects the heritage of this new, growing community, bringing modern homes,
thoughtful design and standout amenities to London renters.

 

Seraphina Apartments comprises two buildings of fourteen and nine stories,
delivering a range of one, two, and three-bedroom apartments designed to
provide flexibility and efficiency for city living. The scheme includes
extensive shared social and amenity spaces, featuring a residents' lounge,
co-working facilities with dedicated work pods and a private meeting room
equipped with a kitchenette. Additional amenities include a games room, a
fully equipped gym and wellness space, as well as a landscaped podium garden
and a rooftop terrace.

 

Following practical completion of the main build of Seraphina Apartments, fit
out will now commence of the amenity spaces.

 

Set to launch later this summer, Seraphina Apartments will provide
high-quality rental homes in a thoughtfully designed setting, continuing the
success of Grainger's established neighbouring schemes in Fortunes Dock.

 

-ENDS-

For further information, please contact:

 

Investor Relations

Kurt Mueller, Director of Corporate Affairs, Grainger plc:
                                +44 (0) 20 7940
9500

 

Media

Valentine Agamah, Head of Communications, Grainger plc:
+44 (0) 20 7940 9500

Ginny Pulbrook / Geoffrey Pelham-Lane, Camarco:
                          +44 (0) 20 3757 4992 /
4985

 

Notes to editor

 

Visit the Fortunes Dock website to see images of the scheme: Fortunes Dock
(https://www.graingerplc.co.uk/developments/fortunes-dock)

Take a virtual tour of Fortunes Dock: Fortunes Dock - Virtual Tour
(https://my.matterport.com/show/?m=wQAHLE6jZWD)

Visit Grainger's website to see its national portfolio of Build to Rent homes:
www.graingerplc.co.uk (http://www.graingerplc.co.uk)

 

About Grainger plc

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is
the UK's largest listed residential landlord and leader in the fast-growing
build-to-rent sector, providing c.11,100 rental homes to over 25,000
customers. With a pipeline of secured build-to-rent development projects
totalling c.4,500 homes and £1.3bn, Grainger is creating thousands more
rental homes by investing in cities across the UK.

 

Grainger works in partnership with a large number of public sector
organisations to deliver new homes to local communities, including Transport
for London, Network Rail, the Ministry of Defence, Lewisham Borough Council
and the Local Pensions Partnership.

 

Grainger's build-to-rent developments provide a range of customer benefits
from professional on-site resident services teams, resident amenities
including gyms, residents' lounges, roof terraces, meeting rooms and
co-working space for those working from home, and superfast 250MB fibre optic
broadband.

 

Recognised as a FTSE4Good business, Grainger also takes a leading approach to
sustainability, specifically Environmental and Social issues (ESG) and has an
ambitious target to be net zero carbon in the operations of its buildings by
2030, to have a diverse and inclusive workforce and to make a positive social
impact in locations where it invests and operates.

 

 

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