Business
Grainger JV Acquires 195‑Home Build to Rent Scheme
Grainger plc, through its Connected Living London joint venture with Places for London, has agreed to forward fund and acquire a 195-home Build to Rent scheme in Chiswick, West London, for approximately £68.4 million. This acquisition, which represents Grainger's first BTR collaboration with a major UK housebuilder, will include 95 Discounted Market Rent homes, 4,299 sq ft of commercial space, and 5,499 sq ft of resident amenity space. Construction is slated to begin in Q1 2026, with completion anticipated in late 2028, and the scheme is expected to generate returns in line with Grainger's London targets. Disclaimer*
About this update from Grainger Plc
[{"type":"text","content":"\n\n26 January 2026\nGrainger plc\n(\"Grainger\" or the \"Company\")\n \nGRAINGER JV ACQUIRES 195-HOME BUILD TO RENT SCHEME\nIN CHISWICK, WEST LONDON\n \nGrainger plc (\"Grainger\"), the UK's largest listed residential landlord, is pleased to announce that Connected Living London (CLL), its partnership with Places for London, the property arm of Transport for London (TfL), has agreed to forward fund and acquire a 195-home Build to Rent (BTR) scheme at Chiswick Reach, Bollo Lane, West London to be developed in partnership by Barratt Redrow PLC.\n \nThe scheme, which is a new addition to the Grainger-Places for London joint venture's pipeline, has detailed planning consent and Gateway 2 approval from the Building Safety Regulator to commence construction. The scheme will deliver 195 new BTR homes, including 95 Discounted Market Rent homes. The development will also include 4,299 sq ft of high quality commercial space and 5,499 sq ft of internal amenity space for residents including co-working space and a gym.\n \nThe purchase price for the scheme is c.£68.4 million (split 51:49 between Grainger and Places for London as per the CLL structure), with the development expected to generate returns in line with Grainger's target range for London schemes with Grainger also receiving asset management fees.\n \nChiswick Reach is well-connected, located on former railway land on Bollo Lane, West London, and is an 8-minute walk to Chiswick Park (District Line) and South Acton (Overground) stations. The site expands Grainger's West London cluster.\n \nThis marks Grainger's first BTR collaboration with a major UK housebuilder.\n \nConstruction is expected to commence in Q1 2026 and practical completion is anticipated in late 2028 with leasing to begin in late 2028 / early 2029.\n \nHelen Gordon, Chief Executive of Grainger, commented:\n \n\"We are pleased to announce this strategic milestone in our partnership with Places for London, a new scheme in our JV's pipeline with construction commencing imminently, delivering 195 high quality rental homes in a well-connected West London location. Working alongside Barratt Redrow on this project represents an exciting development in our approach to delivery partners, opening potential new avenues for collaboration with major housebuilders as we continue to ex...