Standard Life Investments has increased its stake in Grainger, the largest listed residential landlord in the UK, to just 5%, taking advance of the property firm's low share price.
Standard Life Investments has increased its stake in Grainger, the largest listed residential landlord in the UK, to just 5%, taking advance of the property firm's low share price.
Grainger was at 92 pence in late trading on Thursday, 80% down on a 12-month high of 440 pence.
Grainger directly owns over 14,000 properties in the UK and 7,000 in Germany. It also manages a further 3,600 properties through co-investment vehicles. The group has £2.4 bn of assets and £3.3 bn of assets under management.