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Grainger unveils residential property JV

Posted on 24 August 2010

From Reuters: Britain’s largest quoted housing landlord Grainger is eying expansion of its home equity release business after striking a 50:50 joint venture with real estate fund manager Moorfield.

After buying Sovereign Reversions plc in June, Grainger has sold a 50 percent interest to a wholly owned subsidiary of Moorfield Real Estate Fund II for 17.5 million pounds cash plus an additional sum to cover its share of integration costs…………………………………….Full Article: Source


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