OREANDA-NEWS. Grainger plc, the UK's largest listed residential landlord and manager, announces that it has hired Derek Gorman as Managing Director of Market Rented Assets.  Mr Gorman will join the Company on 12 January 2015.

This is a significant appointment for the Company which demonstrates the importance of its market rent platform to the longer term corporate strategy.

Mr Gorman was most recently the Chief Executive of Get Living London, the company involved in the management of East Village in Stratford.  East Village is one of the largest private rented developments in the UK and was named the "Private Rented Sector Project of the Year" at this year's MIPIM UK awards. Derek Gorman has outstanding expertise and knowledge of the private rented sector including creating and managing operational businesses and the procurement of real estate assets.

Derek Gorman will have a UK wide remit to lead the delivery and development of Grainger's market rented strategy, and lead the integration of the model across all business teams.

Andrew Cunningham, Chief Executive of Grainger, commented:

"Derek's arrival at Grainger is a significant hire for us which will greatly enhance our drive to grow our market rented portfolio and our product and service offering. His appointment is a clear demonstration of the scale and seriousness of our ambition to be a truly national, leading market rent residential landlord and we look forward to benefiting from his wealth of industry knowledge and experience."

Derek Gorman added:

"It is a pleasure to be joining Grainger, a company with a hundred year history as a residential landlord, with a remit to help develop and grow the Company's future platform of market rented assets."

Mr Gorman will be based in Grainger's London office.