Grainger farms out German portfolio

Grainger, the UK's largest listed residential owner and manager, said it had signed up for a joint venture, to which it will hand around half of its German assets.

Grainger, the UK's largest listed residential owner and manager, said it had signed up for a joint venture, to which it will hand around half of its German assets.

The company has done a deal with global real estate investment firm Heitman, creating a company that will invest in around 3,000 unit German rented residential portfolio currently wholly owned by Grainger.

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