By Frances Ivens2018-11-15T08:22:00
Source: Shutterstock/Vectorfusionart
Shares in Grainger fell 4.5% on Wednesday to 275.8p after the company announced a discounted rights issue alongside plans to buy the share in GRIP REIT it didn’t already own from Dutch pension fund APG for £396m.
Grainger already manages GRIP and currently has a 24.9% stake in the vehicle, which holds 35 properties with a gross asset value of £696m. The remainder is held by APG, one of the investors behind Get Living.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud