22 November 2021

Grainger plc

Grainger reaffirms growth ambitions with key investment appointments

Eliza Pattinson is promoted to Director of Investments (Asset Management) and Steven Clark returns to Grainger as Director of Investments (Acquisitions)

Grainger plc, the UK's largest listed residential landlord and a market leader in UK PRS, today announces two key appointments within its investment team. Eliza Pattinson has been promoted to Director of Investments (Asset Management) and Steven Clark is appointed as Director of Investments (Acquisitions).

Eliza, already a senior leader within the business, first joined Grainger in 2000 as Sales and Acquisitions Manager within the Investment team. Since then, Eliza has progressed through a number of roles, specialising in acquisitions and asset management; most recently as Director of Investments, overseeing Grainger's significant portfolio of build to rent assets. In her new role, Eliza will lead Asset Management for Grainger's operational portfolio of 9,727 rental homes.

Steven is an experienced residential investment specialist having previously spent over 10 years with Grainger, namely as Head of the GRIP portfolio, a £696m PRS portfolio, and then Commercial Finance Director, a role he held until April 2020. He was instrumental in establishing and developing a number of investment processes within the business.

Steven re-joins Grainger from Lendlease Europe, where his current role is Residential Investment Director. 

In his new role, Steven will lead the investment team at Grainger and support the business as it enters the next stage of its ambitious growth plans. With a £1.9bn pipeline of 8,851 homes, Grainger will double the size of its portfolio over the next five years and has a clearly defined targeted investment strategy that will drive further growth.

Helen Gordon, Chief Executive, Grainger plc, said: 

"We are delighted with these two key appointments. Both Eliza and Steven have an excellent knowledge and understanding of our business and they have the skills, experience and expertise to lead our investment strategy through this exciting next stage of growth, building our industry leading portfolio and national pipeline."

Eliza is promoted to her new role with immediate effect and Steven will join Grainger in mid-February 2022.

- Ends -

For further information:

Grainger plc

Kurt Mueller

London Office Tel: +44 (0) 20 7940 9500

Camarco (Grainger PR)

Ginny Pulbrook / Geoffrey Pelham-Lane

Tel: +44 (0) 20 3757 4992/4985

About Grainger plc

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK's largest listed residential landlord and leader in the fast-growing build-to-rent sector. We provide c.9,700 rental homes across the country and have a £1.9bn pipeline of a further 8,851 rental homes.

Grainger works in partnership with a large number of public sector organisations to deliver new homes to local communities, including Transport for London, the Ministry of Defence, Lewisham Borough Council and the Local Pensions Partnership.

The Grainger team is dedicated to the common purpose of Renting Homes, Enriching Lives, backed by a set of core values. Our latest properties have a range of customer benefits from professional on-site resident services teams, resident amenities including gyms, residents' lounges, roof terraces, meeting rooms and co-working space for those working from home, and superfast 250MB fibre optic broadband and WiFi included in the rent.

Grainger also takes a leading approach to sustainability, specifically Environmental and Social issues (ESG). We have an ambitious target to be net zero carbon in the operations of our buildings by 2030, to have a diverse and inclusive workforce and to make a positive social impact locally where we invest and operate.