Grainger hits full lease-up at Oxford development five months early

(Sharecast News) - Residential landlord and developer Grainger announced on Wednesday that it has achieved full lease-up of its new build-to-rent (BTR) scheme in Oxford some five months ahead of schedule. The Kimmeridge, Grainger's flagship 150-home development and its first BTR scheme in Oxford, achieved full lease-up in just seven months.

The scheme, which was expected to take 12 months to achieve full occupancy, experienced "exceptional leasing momentum" since launching in March, the company said.

The Kimmeridge, located west of Oxford's city centre, comprises over 2,000 square feet of shared amenity space, including a gym, lounge, co-working zones and outdoor areas.

Chief executive Helen Gordon called the milestone an "outstanding achievement".

"This success is testament to the dedication of our on-site teams, the quality of our customer experience, and the strength of our in-house leasing capabilities. As the first and only Build to Rent scheme in Oxford, The Kimmeridge reinforces our leadership in the sector and validates our strategic investment in this key location."

Grainger shares were up 0.2% at 184.8p by 0851 BST.