Grainger’s share price rose 10.3% to 229p on Monday after the company announced it received shareholder backing for its £396m takeover of GRIP REIT.
The listed company already manages GRIP and currently has a 24.9% stake in the vehicle, which holds 35 properties with a gross asset value of £696m.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts