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| Grainger reports ongoing operational and sales momentum Grainger plc, the UK's largest quoted residential property owner, has provided a trading update in advance of its interim results for the six months to 31 March 2011 which will be announced on 19 May 2011. For the six month period to 31 March 2011, Grainger expects completed sales from the UK portfolios (UK residential, home reversions and development) to be £89m (2010: £88m). In addition, there were £1m of sales from the German portfolio (2010: £3m). Sales on vacancy in Grainger's wholly owned portfolios have been made at values in excess of September 2010 vacant possession values. The company anticipates that the value of its UK portfolios will increase by approximately 2% at the half year. write your comments about the article :: © 2011 Construction News :: home page |