REG - Grainger PLC - Construction begins on second Guildford BTR scheme

GraingerAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260129:nRSc8087Qa&default-theme=true

RNS Number : 8087Q  Grainger PLC  29 January 2026

29th January 2026

Grainger plc

("Grainger" or the "Company")

 

Construction begins on Grainger's second BTR scheme in Guildford

 

Grainger plc, the UK's largest listed residential landlord and leader in the
Build to Rent (BTR) sector, is pleased to announce that construction has
commenced on its second BTR scheme at Guildford Station, delivering 179 new
rental homes.

 

This c.£75 million investment is in line with Grainger's cluster strategy and
adds 179 new homes to the 98 homes already delivered at The Mint, totalling
277 homes and over £116m of investment in Guildford by Grainger.

 

In partnership with Solum, a joint venture between Platform4 - Network Rail's
property development company - and Kier Property, the regeneration at
Guildford Station reinforces the potential for high-quality housing
development adjacent to train stations and aligns with the Government's
announcement in November 2025. 1 

 

This is the second project the partnership has delivered at Guildford, with
excellent connectivity credentials, reflecting Grainger's strict investment
criteria focused on assets with strong transport links to high employment
zones.

 

Earlier this week, Grainger's Chief Executive Helen Gordon joined the Housing
Secretary, Steve Reed, and the Chancellor of the Exchequer, Rachel Reeves, at
a roundtable with industry leaders to discuss the National Planning Policy
Framework and the Planning and Infrastructure Act. The conversation focused on
planning reform, infrastructure investment and partnership with the private
sector. Construction commencing at Guildford Station reflects this shared
focus on accelerating housing delivery through well‑connected, station‑led
development.

 

The scheme will benefit from the wider £150m regeneration of the station
quarter which includes £25m of station improvements. These comprise a new
double-height ticket office designed to accommodate future customer growth
through to 2035, improved pedestrian routes to platforms and a new
multi-storey car park - all of which enhance transport connectivity for the
town.

 

Construction is expected to complete in 2028, with leasing commencing
thereafter, contributing to Grainger's earnings from FY28, in line with our
prior earnings guidance.

 

Helen Gordon, Chief Executive of Grainger, commented:

"Working with our partners Network Rail and Solum, we are delighted to deliver
our second BTR scheme at Guildford Station. This scheme exemplifies our
strategy of investing in well-connected locations with strong rental demand,
while leveraging our cluster approach to deliver operational efficiencies and
a great customer experience.

 

"This landmark regeneration project builds on our successful partnership with
Network Rail, which has delivered 857 rental homes and includes plans for up
to 2,000 more. It reinforces our commitment to creating thriving communities
and delivering long-term value for our shareholders."

 

Kevin McGinley, Development Director for Platform4, said:

 

"It is great to start work on the second phase of homes at Guildford Station
and further establish the residential community in the town centre with
Grainger. This scheme again demonstrates how under-used railway land such as
surface car parking can be transformed to deliver essential homes alongside
funding infrastructure improvements."

Leigh Thomas, Group managing director of Kier Property and Head of Solum,
added:

"We are proud to be playing our part in delivering this significant
regeneration at Guildford Station alongside Network Rail, Grainger and
Platform4. By unlocking the potential of under-used railway land, this
development will provide much-needed new homes while enhancing the station
environment and wider town centre. It reflects our strength in working
collaboratively with partners to deliver complex, mixed-use schemes that
create long-term value for communities and stakeholders alike."

 

-ENDS-

For further information, please contact:

 

Investor Relations

Kurt Mueller, 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

 

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.

 

Grainger takes a leading approach to sustainability and Environmental and
Social issues (ESG), recognised as a FTSE4Good business, the National Equality
Standard and ranked a Top 50 employer by Best Companies in the Large Company
category.

 

 

 

 1  Housebuilding around train stations will be given default "yes" - GOV.UK

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCAKFBDCBKDKDB



            Copyright 2019 Regulatory News Service, all rights reserved