Grainger have agreed to buy our 261-home build-to-rent development scheme in Milton Keynes for £63m.

Peveril Securities will develop the site, Mayforth will act as development manager and Bowmer and Kirkland will be the contractor.

Helen Gordon, chief executive of Grainger, said: “This new investment will complement Silbury Boulevard, our other PRS build to rent scheme of 139 homes in Milton Keynes, which we own in our GRIP REIT joint venture, and is currently under construction.”

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