Grainger (GRI), the £1.4bn UK residential real estate investment trust, says its latest build-to-rent scheme in London, Seraphina, has been fully let in less than four months. A “strong” trading statement for today’s annual general meeting in Newcastle covering the four months to 31 January shows 3.1% rental growth and 96% occupancy in line with expectations and prior guidance. It says: “Our market is structurally supported, as demand continues to grow and the undersupply of rental housing worsens as small, private landlords face increasing headwinds and new competitor supply slows.”

Abrdn Diversified Income & Growth (ADIG) plans to return around £43.7m to shareholders next month and put itself into voluntary liquidation after completing £22.4m sales of fund investments and agreeing to sell a 50% stake in another fund for £6.5m as its wind-down draws towards a close. The capital will be returned through the company’s B-share scheme. This leaves £84m ADIG with four fund interests, £58m of cash and around £7.6m of undrawn investment commitments.

Renewable energy infrastructure manager Schroders Greencoat has agreed to buy seven solar projects in England and Wales for its Global Renewables+ Long-Term Asset Fund (LTAF) from Metlen Energy & Metals (MTLN). Of the 283MWp portfolio, 143 MW are in operation and mechanically complete and 140 MW are under construction and expected to become operational in the second quarter. The projects have long-term offtake agreements with Vodafone and Engie to provide high revenue visibility and cash flow stability. This is the second transaction between the companies following Greencoat’s acquisition of a 110 MWp UK solar portfolio in 2024. The investment companies Greencoat UK Wind (UKW) and Greencoat Renewables (GRP) are not involved.

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