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Grosvenor Group

British property corporation

Grosvenor Group

Summary

British property corporation

FieldValue
nameGrosvenor Group Limited
typeFamily-owned private limited company
industryReal estate
foundation
founderSir Thomas Grosvenor, 3rd Baronet
location_city70 Grosvenor Street, London W1K 3JP
location_countryUnited Kingdom
area_servedWorldwide
key_people
productsProperty, residential, real estate services, hotels, offices and shopping centres
revenueUS$1.2 billion (2017)
operating_incomeUS$622.3 million (2017)
assetsUS$63.7 billion (2017)
aumUS$36.7 billion (2019)
ownerHugh Grosvenor, 7th Duke of Westminster, and family
num_employees10,800 (2016)
parentGrosvenor Estate
subsidGrosvenor Britain & Ireland
Grosvenor Americas
Grosvenor Europe
Grosvenor Asia Pacific
Grosvenor Fund Management
homepageGrosvenor.com
GrosvenorEstate.com

Grosvenor Americas Grosvenor Europe Grosvenor Asia Pacific Grosvenor Fund Management GrosvenorEstate.com

[[Belgrave Square]], Belgravia, one of the most prestigious addresses within the Grosvenor Estate.

Grosvenor Group Limited is an internationally diversified property group, which traces its origins to 1677 and has its headquarters in London, England. Previously (from 1841) based at 66–68 Brook Street & 53 Davies Street, it is now based at 70 Grosvenor Street.

It has a global reach, now in 62 international cities, with offices in 14 of them, and a portfolio of indirect investments. Its sectors include residential, office, retail, industrial, along with hotels.

Grosvenor Estate

The history of the Grosvenor Estate begins in 1677, with the marriage of 12 year-old heiress Mary Davies to Sir Thomas Grosvenor, 3rd Baronet (1656–1700). Mary had inherited the manor of Ebury, 500 acres of land north of the Thames to the west of the City of London. This area remained largely untouched by the Grosvenors until the 1720s, when they developed the northern part, now known as Mayfair, around Grosvenor Square. A few generations later, in the 1820s, their focus moved south, to what is now Belgravia, developing Eaton Square, Chester Square, and other famous addresses. Later in the 19th century, the area of Pimlico was developed; this was sold in 1953.[[File:Mount Street and Carlos Place, Mayfair.jpg|thumb|[[Mount Street, London|Mount Street]] in Central [[Mayfair]] showing Carlos Place, the [[The Connaught (hotel)|Connaught hotel]] and the [[Tadao Ando]] fountain 'Silence']]

Nomenclature

Many of the streets within the estate are named after the Grosvenor family and its connections. The Grosvenor family became established in England before the 15th century, on the manor of Eaton in Cheshire, where its principal seat, Eaton Hall, is still located. Many of the family's early members sat as one of the two Members of Parliament for Chester.

In 1874, Hugh Grosvenor was created Duke of Westminster; other titles held by the current duke are: Marquess of Westminster, Earl Grosvenor, Viscount Belgrave, and Baron Grosvenor. The title of Baron Ebury was granted in 1857 to the 3rd son of the 1st Marquess of Westminster, after the name of the original manor of Ebury (whence Ebury Street, etc. in Pimlico), and the 2nd son of the 1st Marquess succeeded his maternal grandfather under special remainder in 1814 to the title of Earl of Wilton (whence Wilton Crescent etc. in Belgravia). "The Cheshire villages of Lupus, Eccleston and Belgrave, within or near the family estate, are recognised in street names of the London estate."

Buildings

The Mayfair portion of the estate includes Peabody social housing around Brown Hart Gardens.

International expansion

Although the Grosvenor Group is often publicly identified with its core asset, the Grosvenor Estate in London, now managed within Grosvenor Britain & Ireland, the present-day investment and development portfolio of Grosvenor Group is diversified across Britain. International expansion began in the 1950s, in Canada, and later in the United States, hence businesses in the Americas.

In the 1960s, the businesses expanded into Australia and, in the 1990s, into Asia Pacific. Also in the 1990s, Grosvenor expanded into Continental Europe, where most current activity relates to Grosvenor's fund management business. This was formally established in 2005 and now encompasses the Americas, Asia Pacific (including Australia), and Europe (including the UK).

Properties owned by Grosvenor

Properties in the UK, Continental Europe, Asia, and the Americas include:

  • Liverpool One, a shopping district in Liverpool, UK
  • District, an urban mixed-use residential and retail development in Washington, D.C., United States
  • Century Plaza II, a 99,126 square ft class A office building in Silicon Valley, California, United States
  • Waterstone Apartment Homes, a 432-unit community in Silicon Valley, San Jose, California, United States
  • 240 Stockton Street, a ten-storey luxury retail and office building located in San Francisco, California, United States
  • 875 California Street, a condominium building in San Francisco, California, United States
  • 288 Pacific, a retail in Jackson Square, San Francisco, California, United States
  • 394 Pacific Avenue, an office building located in San Francisco, California, United States
  • 1645 Pacific Avenue, a luxury condominium building in San Francisco, California, United States
  • 185 Post Street, a luxury shopping centre in San Francisco, California, United States
  • Grosvenor Ambleside, a multi-tower site with retail in West Vancouver, British Columbia, Canada
  • Connaught, a mixed-use building in Edgemont Village in North Vancouver, British Columbia, Canada
  • The RISE, a luxury apartment building and with ground-level retail in Vancouver, British Columbia, Canada
  • Drake, a collection of 135 condominiums and townhomes in Calgary, Alberta, Canada
  • Haninge Centrum, a shopping mall in Stockholm, Sweden
  • Väsby Centrum, a shopping mall in Stockholm, Sweden
  • Burlöv Centrum, a shopping mall in Malmö, Sweden
  • Rue de la Republique, a community and shopping district in Lyon, France
  • Rue Serpenoise, a shopping retail complex buildings in Metz, France
  • The Westminster Terrace, a 59 floors luxury apartment building in Hong Kong
  • China Merchants Tower, an office building in Beijing, China
  • Parkside Plaza, a shopping mall in Shanghai, China
  • Grosvenor Place Kamizono-cho, a luxury residential development in Tokyo, Japan
  • The Westminster Roppongi, a luxury apartment building in Tokyo, Japan
  • The Westminster Nanpeidai, a luxury condominium building in Shibuya, Tokyo, Japan
  • F1RST, an urban mixed-use residential and retail development across the street from Nationals Park in Washington, D.C.
  • Central, an award-winning mixed-use apartment building in Silver Spring, Maryland
  • Reay Forest, a deer forest in Sutherland, Scotland
  • Abbeystead Estate, Forest of Bowland, Lancashire, England.

References

References

  1. "Grosvenor Group Limited – Annual Review 2015". Grosvenor Group Limited.
  2. "Grosvenor Group Limited – History". Grosvenor Group Limited.
  3. "Grosvenor – All articles".
  4. (23 March 2017). "Grosvenor Group Limited – 2016 Financial Statements". Grosvenor Group Limited.
  5. "Grosvenor Group Limited – Approach". Grosvenor Group Limited.
  6. "About us". Grosvenor Group Limited.
  7. "Grosvenor Group Limited". Companies House.
  8. "Brook Street: North Side Survey of London: Volume 40, the Grosvenor Estate in Mayfair, Part 2 (The Buildings).".
  9. "Contact us".
  10. "Grosvenor Group Limited – Businesses". Grosvenor Group Limited.
  11. Debrett's Peerage, 1968, pp.1147–1148
  12. [[Loelia Lindsay. Loelia, Duchess of Westminster]], Memoirs of, London, 1961, p.174
  13. "Grosvenor Americas' Central Wins A Five Star 2018 American Property Award".
  14. "Reay Forest Estate".
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