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| Grainger reports sales progress Grainger plc, the UK's largest quoted residential property owner, presented its interim management statement covering its activities for the four months to 31 July 2011. Highlights · A further £79.5m of residential sales completed in the four months taking total sales in the ten months to 31 July to £148.7m. In addition a further £40.5m of sales are in solicitors' hands or have contracts exchanged giving a total sales pipeline for the year of £189.2m (31 July 2010: £154.8m) · Successful £31.5m refinancing of the Sovereign Joint Venture · Good progress with integration of the first three portfolios under the Lloyds RAMP agreement · Aldershot Urban Extension and Newlands, Waterlooville proceeding in line with plan · Two year extension to G:res1 residential fund agreed. write your comments about the article :: © 2011 Construction News :: home page |