Property company confirms that it has been approached by a company considering an offer

Grainger Trust has confirmed its has received an approach for a company interested in buying the developer.

In a statement today the company said: ”The board of Grainger can confirm that it has received a preliminary approach from a party expressing an interest in formulating an offer for the Company. No terms have been indicated nor details provided.”

Grainger is one of the UK’s largest residential property owners with over 12,000 homes.