Chip stocks fall with Nvidia after data center rev disappointment
Investing.com -- Grainger Plc (LON:GRI) announced that its first build-to-rent (BTR) site in Oxford, The Kimmeridge, has achieved approximately 60% lease-up in just three months since its launch in early March 2025.
The 150-home development, located west of Oxford city center, has performed well ahead of company expectations and underwriting.
The property features over 2,000 square feet of shared amenity space including a 24/7 gym, residents’ lounge with dining area and kitchenette, flexible co-working zones with private meeting pods, a landscaped courtyard, and a rooftop terrace.
Helen Gordon, CEO of Grainger, said: "We are absolutely delighted with the exceptional lease-up performance at The Kimmeridge. 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 and the strength of our inhouse leasing capabilities."
Jefferies maintains a "Buy" rating on Grainger shares with a price target of 280.00p, representing a 35% upside potential from the current share price of 207.50p.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.