Newcastle’s Grainger in two investment appointments

Newcastle-headquartered Grainger plc, the UK’s largest listed residential landlord, said on Monday it has promoted Eliza Pattinson to Director of Investments (Asset Management) and that Steven Clark is returning to Grainger as Director of Investments (Acquisitions).

Pattinson is promoted to her new role with immediate effect and Clark will re-join Grainger in mid-February, 2022.

Grainger, a FTSE 250 business, is prominent in the fast-growing build-to-rent sector with 9,700 rental homes across the UK and a £1.9 billion pipeline of a further 8,851 rental homes.

Eliza, already a senior leader within the business, first joined Grainger in 2000 as Sales and Acquisitions Manager within the Investment team,” said Grainger.

“Since then, Eliza has progressed through a number of roles, specialising in acquisitions and asset management; most recently as Director of Investments, overseeing Grainger’s significant portfolio of build to rent assets.

“In her new role, Eliza will lead Asset Management for Grainger’s operational portfolio of 9,727 rental homes.

“Steven is an experienced residential investment specialist having previously spent over 10 years with Grainger, namely as Head of the GRIP portfolio, a £696m PRS portfolio, and then Commercial Finance Director, a role he held until April 2020.

“He was instrumental in establishing and developing a number of investment processes within the business.

“Steven re-joins Grainger from Lendlease Europe, where his current role is Residential Investment Director. 

“In his new role, Steven will lead the investment team at Grainger and support the business as it enters the next stage of its ambitious growth plans.

“With a £1.9bn pipeline of 8,851 homes, Grainger will double the size of its portfolio over the next five years and has a clearly defined targeted investment strategy that will drive further growth.”

Grainger CEO Helen Gordon said: “We are delighted with these two key appointments.

“Both Eliza and Steven have an excellent knowledge and understanding of our business and they have the skills, experience and expertise to lead our investment strategy through this exciting next stage of growth, building our industry leading portfolio and national pipeline.”