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Grainger Partners With Girlings to offer Retirement Rental Properties

Grainger has appointed Girlings Retirement Options, the market leader in the retirement rental market, to exclusively let its portfolio of approximately 220 vacant Capital Appreciation Trust properties to the over 55s.

Grainger recently purchased the Capital Appreciation Trust and its partnership with Girlings will extend the company’s existing property portfolio into the retirement rentals market. Girlings will let the units on an Assured Tenancy basis – providing tenants with security of tenure in renting a property for life.

Girlings will be working in conjunction with Economic Lifestyle who will continue to offer the lifetime leases.
Grainger and the CAT board believe that in offering a choice of Assured Tenancies and lifetime lease to customers; they are broadening the provision of housing options available to retirees.

Peter Girling, Chairman and founder of Girlings comments, “The demand for retirement rentals is escalating, as more people learn about the multiple benefits of renting on an assured tenancy. We are delighted to partner with Capital Appreciation Trust and provide the retired community with more choice and living options. Last year, we witnessed a huge 78% rise in the numbers of people choosing to rent in retirement on assured tenancies. We are confident that working with CAT we will meet the demand for retirement rental properties in 2007 and beyond.”

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About Girlings

Girlings Retirement Options Limited www.girlings.co.uk is the market leader in private rental retirement property offering properties on an Assured Tenancy basis (tenancy for life). The properties are purpose-built to suit the needs of the independently minded and active 55+ age group. They are available to rent at affordable market rates which are reviewed every twelve months in line with RPI and capped at 6%, enabling easy financial planning for tenants. Maintenance costs are included in the rental rates; there are communal facilities at the majority of developments and a house manager is available for help and advice. Reassurance and peace of mind are also covered through the 24 hour emergency Careline.  

The company has in the region of 1800 retirement properties available to rent in the UK and Girlings has seen year-on-year growth in demand for new properties from people who are finding this to be an affordable and convenient way of living in retirement, enabling them to pursue long held dreams such as long holidays, gifting money to their children or pursuing new hobbies and pastimes.

For further information contact:

Kathryn Hughes / Heather Baker
hbl media
Tel: 020 7612 1830
Email: kathryn@hblmedia.com / heather@hblmedia.com