REG - Grainger PLC - Grainger welcomes plans set out in King's Speech

GraingerAnnouncement

17/07/2024 14:15

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RNS Number : 8095W  Grainger PLC  17 July 2024

17 JULY 2024

 

 

Grainger welcomes planning and rent reform plans set out in King's Speech

 

 

Grainger plc, the UK's largest listed residential landlord with a c.£3.4bn
operational portfolio of c.11,153 rental homes and a £1.5bn pipeline of a
further c.5,000 purpose-built rental homes, today responds to the proposals
set out in the Labour Government's King's Speech.

 

Helen Gordon, Chief Executive Officer of Grainger, said:

 

Planning reform

 

"The proposals set out in the King's Speech to speed up housing delivery,
particularly through reform of the planning system, is welcome and will give
housing providers, such as Grainger, greater certainty to invest and build
homes across the country. Ensuring local plans are in place with local housing
targets, and removing planning uncertainty for housing schemes that comply
with local plans is a very welcome change and aligned to Grainger's primary
focus of housing delivery on brownfield land in urban centres with high
housing demand."

 

Rent reform

 

"Confirmation that rent reform will be brought forward is welcome, as is the
new Government's recent public rejection of rent controls. Sensible rent
reform which gives renters greater rights to remain in their homes and improve
standards can also provide greater certainty for investors and landlords and
is aligned to Grainger's responsible approach to renting. The abolition of
no-fault evictions is welcome when coupled with a robust means for landlords
to address poor behaviour amongst a minority of renters, protecting neighbours
and local communities."

 

 

 

 

- ENDS -

 

For further information, please contact:

 

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

Julie Deighton, Director of Communications, Grainger
plc:                      +44 (0) 20 7940 9500

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

 

 

 

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