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OXFORD - Grainger plc, the UK’s largest listed residential landlord, announced Wednesday that its Oxford development has reached approximately 60% occupancy within three months of its March 2025 launch.
The Kimmeridge, described as Oxford’s first and only build-to-rent (BTR) scheme, consists of 150 rental homes. According to a company press release, the occupancy rate has exceeded Grainger’s initial projections.
"To achieve c.60% lease-up in just three months is an outstanding result, reflecting the compelling demand for our high-quality rental homes in Oxford," said Helen Gordon, Chief Executive of Grainger.
Located west of Oxford city center, The Kimmeridge features over 2,000 square feet of shared amenities, including a 24/7 gym, residents’ lounge with dining area, co-working spaces, a landscaped courtyard and a rooftop terrace. The development also provides residents with free high-speed internet access and an on-site services team.
Grainger currently manages over 11,000 rental homes across the UK with a development pipeline valued at approximately £1.3 billion, comprising around 4,500 additional BTR homes.
The company stated in its announcement that the rapid leasing pace at The Kimmeridge demonstrates the demand for professionally managed rental properties in the Oxford market.
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