StockMarketWire.com - Grainger said Friday it had completed the acquisition of GRIP REIT from its joint venture partner, APG.

When the acquisition was first floated in mid-November, Grainger said Grip REIT would deliver £32.5m of gross rents per annum, with a gross yield of 4.9%.

The acquisition was also expected to accelerate the company's private rented sector investment business.




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