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UK: Grainger has started construction on its second build‑to‑rent (BTR) scheme at Guildford Station.
Grainger said the 179-unit project forms part of its cluster strategy and builds on the 98 homes already delivered at The Mint, taking its total investment in Guildford to more than £116 million. The scheme is being developed with Solum, the joint venture between Network Rail’s property arm and Kier Property, and marks the partnership’s second project at the station.
The development sits within the wider £150 million regeneration of the area around the station, which includes upgraded station facilities, improved pedestrian access and a new multi‑storey car park.
Construction is scheduled to complete in 2028, and will be contributing to earnings from FY28 in line with previous guidance.
Chief executive Helen Gordon said: “Working with our partners Network Rail and Solum, we are delighted to deliver our second BTR scheme at Guildford Station. This scheme exemplifies our strategy of investing in well-connected locations with strong rental demand, while leveraging our cluster approach to deliver operational efficiencies and a great customer experience. This landmark regeneration project builds on our successful partnership with Network Rail, which has delivered 857 rental homes and includes plans for up to 2,000 more. It reinforces our commitment to creating thriving communities and delivering long-term value for our shareholders.”
Highlights:
• Grainger has started construction on its second build‑to‑rent (BTR) scheme at Guildford Station
• Grainger said the 179-unit project forms part of its cluster strategy and builds on the 98 homes already delivered at The Mint, taking its total investment in Guildford to more than £116 million
• The development sits within the wider £150 million regeneration of the area around the station, which includes upgraded station facilities, improved pedestrian access and a new multi‑storey car park
• Construction is scheduled to complete in 2028, and will be contributing to earnings from FY28 in line with previous guidance
