Grainger aims to be the first port of call for any organisation seeking to participate in the residential property market, or requiring a solution to issues facing it in this market.
We are a long-term player and aligning our interests to those of our partners, through co-investment or shared reward arrangements, is at the heart of our values.
Here are a few examples of our partnerships:
We are a co-investor in one of the UK’s largest market-let residential investment funds, GRIP, alongside Europe’s biggest institutional investor, APG, the Dutch pension fund asset manager. In addition, we provide fund management, asset management and property management services to the fund. Find out more about GRIP here.
In Aldershot, England we have entered a long-term relationship with the Defence Infrastructure Organisation of the Ministry of Defence, leading a highly complex project to deliver approximately 4,000 homes and community facilities on historically important, but surplus, military land to create a thriving community to the benefit of Aldershot and delivering the best value for the Ministry of Defence.
For Lloyds Banking Group and other financial institutions we provide a Residential Asset Management Platform (RAMP) to manage residential buy-to-let portfolios that have entered into administration. In this deal, the first of its kind in the UK, we receive fees based on rent, disposals and shared success fees, fully aligning our interests with our partners for any assets placed into the RAMP. (Further detail can be found below.)
In Germany, we have a joint venture with the global real estate investment firm Heitman which owns c.3,000 German rented residential units. The JV is 75:25 owned by Heitman, on behalf of a global institutional investor, and Grainger, respectively. Grainger acts as the fund manager and asset and property manager for the JV. The JV’s long-term strategy is aimed at maximising returns through income growth and active asset management.
Grainger's Residential Asset Management Platform (G:Ramp) provides select clients an integrated strategic and operational property and asset management solution for their residential property portfolios. We can help you secure maximum value from your residential property portfolios, handling them in the same way we handle our own, through a tried and tested process of inspection, migration onto our platform, stabilisation and then realisation.
G:Ramp benefits from the proven processes that Grainger relies on to manage its own £2.4b residential portfolio. The G:Ramp processes ensure an alignment between our property and asset management and the portfolio owner, our client to whom G:Ramp can provide anything from large scale accretive refurbishment projects to simply creating liquidity for distressed assets.
The G:res1 Fund is a Jersey-based exempt company that is focused on investing in market- let residential properties in the UK. The Fund, sponsored and co-invested in by Grainger plc, was established in November 2006 with an attractive and diverse initial portfolio which included 1,480 units in 38 developments across the UK. In March 2007, the Fund, advised by Grainger, acquired a 700 unit high reversionary market let portfolio located predominately to the East of the City of London. The independently managed Fund now holds investment assets comprising approximately 2000 individual units in 56 unbroken blocks/clusters of property with an investment value of c£400million. Circa 90% of the assets are located in London and the South East. Specific objectives of the Fund are to manage the portfolio to achieve (i) growth in rents and stable occupancy (ii) attractive acquisitions (iii) medium-to long-term capital appreciation and (iv) property sales at the appropriate point in the asset cycle to maximise shareholder returns.