RCS - Grainger PLC - Rapid 50% lease-up in under a month at Seraphina

GraingerAnnouncement

10/09/2025 07:00

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RNS Number : 6760Y  Grainger PLC  10 September 2025

10 September 2025

 

Grainger plc

 

 Rapid 50% lease-up in under a month at Seraphina Apartments

§ Demonstrates strong demand for Grainger's high-quality rental homes and the
success of its cluster strategy

§ Highlights market-leading operational platform

§Lease-up well ahead of expectations

 

Grainger plc, the UK's largest listed residential landlord and leader in the
Build to Rent (BTR) sector with over

11,000 rental homes and a pipeline of c.£1.3bn comprising c.4,500 BTR homes,
is pleased to announce 50% lease-up performance of 132 BTR homes in less than
a month at Seraphina Apartments, the latest phase in its Fortunes Dock cluster
in Canning Town. This significant leasing rate, well ahead of expectations,
reflects the strong demand for Grainger's high-quality rental homes, the depth
of its operational expertise and the success of its cluster strategy.

 

Helen Gordon, Chief Executive, said:

"To achieve 50% lease-up in under a month is a fantastic result and a clear
demonstration of the demand for our high-quality rental homes. It also
reflects the strength of our operational platform and the benefits of our
cluster strategy, which enables us to build thriving communities, deliver
operational efficiencies and deepen our understanding of local customer needs.
Seraphina Apartments is already proving to be a great success, and we look
forward to welcoming more residents in the weeks ahead."

 

Seraphina Apartments, which reached practical completion earlier this summer,
is the third and final phase of Grainger's Fortunes Dock cluster, bringing the
total number of homes in the destination to 412 across three schemes - Argo
Apartments, Nautilus Apartments and Seraphina Apartments - and taking
Grainger's total investment in Canning Town to c.£152 million.

 

Located in Hallsville Quarter, Fortunes Dock benefits from excellent transport
connections via the Jubilee Line and DLR, and a vibrant mix of high street and
independent shops, cafes, bars and restaurants. Seraphina Apartments offers a
range of one, two and three-bedroom homes, alongside extensive shared social
and amenity spaces including a residents' lounge, co-working facilities, games
room, gym and wellness space, landscaped podium garden and rooftop terrace.

 

Grainger, who converted to Real Estate Investment Trust ("REIT") status
earlier this week, remains confident in its strong outlook and its focused
strategy to deliver long-term, compounding returns and progressive dividends
for its shareholders.

 

-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, a Real Estate Investment Trust
(REIT) 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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