Hogan Lovells advises Grainger plc on its £345 million Rights Issue to fund the £396 million Acquisition of GRIP REIT plc

London, 14 November 2018 – Hogan Lovells has advised Grainger, the UK's largest listed residential landlord, on its acquisition of GRIP – the residential property joint venture between Grainger and APG.

Grainger will acquire APG's 75% stake in GRIP from APG for £396 million, subject to shareholder approval.

The team, led by London Corporate Partners Jonathan Baird and Dan Simons at Hogan Lovells advised Grainger on both the acquisition and the rights issue.

Commenting, Jonathan Baird said: "We were delighted to work with Grainger to help facilitate the acquisition and its financing. The transaction will reinforce Grainger's position as the UK market leader in the UK's growing private rented sector. "

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