Grainger Launches Abbeville Apartments, their first residential development designed specifically for rent

18 June 2015

Grainger plc ("Grainger", the "Group", "Company")

GRAINGER LAUNCHES ABBEVILLE APARTMENTS,

THEIR FIRST RESIDENTIAL DEVELOPMENT DESIGNED SPECIFICALLY FOR RENTERS

Grainger plc, the UK's largest listed residential property owner and manager, has unveiled Abbeville Apartments, one of the country's first residential schemes designed specifically for renting, in Barking, East London.

Located just five minutes' walk away from Barking Underground and Overground station, and due to launch this summer, Abbeville Apartments will provide 100 brand new rental homes comprising a selection of 1, 2 and 3 bedroom apartments.

With communal areas and interiors designed by the renowned Tilly Hemingway, of Hemingway Design, this will be the first development by Grainger that has been specifically intended for renting, offering a multitude of features that appeal to renters, such as: flexible tenancies (up to three years), every bedroom is a double, modern furniture packages available and inclusive fibre broadband available from day one, all intended to make the rental process as easy as possible.

At Abbeville Apartments, Grainger will also provide communal facilities designed exclusively for residents to enjoy, including a fitness studio, residents lounge, communal garden and concierge services.

Andrew Cunningham, Chief Executive of Grainger plc, said:

"Abbeville Apartments offer a unique opportunity for those who live or work in the capital and are looking for a contemporary, safe, and affordable property with access to great transport links into the City, Canary Wharf and East London.

"From the very earliest stages of designing this development, our vision was to create a brand new community, where every property meets the requirements of the 21st century renter. Whether it was ample storage, furniture packages or immediate access to wifi and concierge services- every detail has been considered throughout to ensure the resident has a great experience.

"With a local population set to increase by 17.5% over the next decade, Abbeville Apartments sets the benchmark in providing an affordable rental offering, where residents can truly enjoy a fantastic lifestyle within easy reach of everything that living in London has to offer."

Residents at the Abbeville Apartments will benefit from their own balconies, as well as having access to bike storage, car parking and added security with CCTV and video entry systems.

The Abbeville Apartments will launch on 18 June at 37 London Road, Barking, London, IG11 8FW, with apartments available from £975 per capital month.

For further information please contact Grainger PLC on +44(0)207 940 9630, or visit the website atwww.abbevilleapartmentsbarking.co.uk

ENDS

distributed by