Grainger Plc - History

History

The business was established by the Dickinson family in 1912 as the Grainger Trust to acquire tenanted residential properties in Newcastle upon Tyne. In the 1970s and 1980s it acquired large residential estates from British Coal, British Rail and Reckitt & Coleman. It was first listed on the London Stock Exchange in 1983. In 1989 it acquired Channel Hotels & Properties and in 2003 it acquired Bradford Property Trust.

In 2006 it entered into a joint venture with Development Securities to develop Curzon Park in Birmingham. In 2007 it changed its name to Grainger plc. In 2008 a consortium of Helical Bar and Grainger was named as the preferred developer for the King Street regeneration scheme in Hammersmith. In 2010, Grainger acquired AIM-listed Sovereign Reversions, an equity release provider, and subsequently formed a 50:50 joint venture with Moorfield, a UK real estate investor, developer and private equity fund manager.

Read more about this topic:  Grainger Plc

Famous quotes containing the word history:

    It is true that this man was nothing but an elemental force in motion, directed and rendered more effective by extreme cunning and by a relentless tactical clairvoyance .... Hitler was history in its purest form.
    Albert Camus (1913–1960)

    History ... is, indeed, little more than the register of the crimes, follies, and misfortunes of mankind.
    But what experience and history teach is this—that peoples and governments have never learned anything from history, or acted on principles deduced from it.
    Georg Wilhelm Friedrich Hegel (1770–1831)