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UK’s Grainger cautious on residential property

Posted on 26 November 2010

From Reuters: Britain’s largest quoted housing landlord Grainger said on Thursday its full-year operating profit rose 19.5 percent to 94.2 million pounds, and expressed caution about the outlook for the UK’s housing sector.
“In light of the on-going challenge of the current economic climate, we remain cautious about the prospects for general growth in residential values over the next two years,” Robin Broadhurst, chairman of Grainger, said in a statement……………………………………….Full Article: Source


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