Grainger London investment nears £1billion with new Hale Wharf development
In what is a major milestone, Grainger plc, the UK’s largest listed residential landlord, is approaching £1 billion investment in London’s rental market.
This announcement coincides with the unveiling of 65 new homes at Hale Wharf in North London.
The first phase of Grainger’s Windlass Apartments opened in 2021 with 108 rental units and has maintained high occupancy and satisfaction levels.
The sustained demand has led to Grainger’s further investment into the second phase of the development, further expanding Grainger’s offering, as both investor and operator, at Windlass Apartments, developed in partnership with Waterside Places.
The additional 65 furnished, energy-efficient rental homes further enhance Grainger’s North London cluster to 423 homes, contributing to a capital-wide total of 2,230 rental homes.
This further investment in Windlass Apartments in Hale Wharf, North London is set to contribute to the local economy by creating jobs and supporting local businesses, further enhancing Grainger’s positive economic footprint in North London.
Helen Gordon, Chief Executive at Grainger said: “We’re proud to have made such a significant investment in rental homes in London, a city with the highest demand and need for new housing supply.
“Our latest addition, the second phase of Windlass Apartments in Hale Wharf, underlines our commitment to providing high-quality housing in urban locations, while our continued partnership with Waterside Places has enabled us to transform underutilised areas into thriving communities.”
Named to reflect its nautical surroundings by the River Lee Canal and near Walthamstow Wetlands, the Windlass Apartments development is situated close to Tottenham Hale Station, offering ideal transport links to Central London.
Residents will enjoy a range of amenities at no additional cost, including a residents’ lounge, private dining room, co-working space, and a fully equipped gym and wellness studio. These facilities are complemented by the serene backdrop of local green spaces and waterside views.
Each home at Windlass Apartments is designed with modern living in mind, featuring high-speed Wi-Fi and stylish interiors. The development also includes approximately 1,900 sq. ft of commercial space, providing convenient access to a variety of local facilities.
Windlass Apartments are now accepting viewings for their latest homes. This development not only strengthens Grainger’s presence in London but also underscores its commitment to sustainable living, with all homes meeting high energy efficiency standards.