Grainger Trust P.l.c. - GRI- Profile

Grainger Plc Formerly known as Grainger Trust Plc. The Group's principal activity is trading and developing properties. The Group's core operations focus on regulated tenancies, market tenancies, equity release, property and asset management, development and a number of portfolios in Europe. Regulated tenancies owns over 7,700 regulated residential properties. This business relates to the ownership, management and trade of residential properties, subject to regulated tenancies. Market tenancies are those properties let at market rates on assured shorthold tenancy agreements, typically six months or a year in length. Equity release offers home owners in or near retirement the opportunity to access some of the value of their home while continuing to live there. This business specialises in home reversions, providing customers with both certainty and access to more cash. Property and asset management provides services to the Schroders ResPUT residential investments and two partnerships with Genesis Housing Group. Core Portfolio accounted for 71% of fiscal 2006 revenues; Market Tenancies, 22%; Tenanted Residential, 6% and Development, 1%