Grainger plc, the UK’s largest listed residential landlord, has exchanged contracts with Abode Hallam Limited after agreeing a deal to acquire a Private Rented Sector (PRS) build-to-rent development at Eccy Village in Sheffield for £32m.
Grainger will forward fund the project, while Abode Hallam Limited will be the developer and Winvic Construction will be the contractor.
The site, which has planning permission for the construction of 237 private rental homes, is expected to complete at the tail end of 2019.
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