Grant in Gbp 100m Tie-Up with Bos As Bank Plans Property Investment

Summary


PETER Grant, the Edinburgh property entrepreneur, yesterday pocketed an estimated GBP 2.4 million after Bank of Scotland (BoS) took a 20 per cent stake in his business, and formed a GBP 100m joint venture with him to invest in residential property.

Grant Residential Property Limited has been formed to buy, renovate, and then rent out properties across the UK with BoS funds, and it will be managed by Grant and his business.

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Grant in Gbp 100m Tie-Up with Bos As Bank Plans Property Investment

Significantly, it is the largest residential investment venture of its type by BoS. Its target market will be mainly university towns and Grant said the tie-up effec...

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