Our UK property business has signed a new partnership with Norges Bank Investment Management in London, with the investor taking a 25% stake in a mixed use portfolio of retail and office assets in Mayfair. The funds will be deployed in growth strategies across the business including the expansion of our development and investment programmes on the London Estate. James Raynor, CEO, Grosvenor Property UK, said: “This partnership brings together two deeply aligned, long term investors who share huge confidence in the future of the West End and London. Facilitating inward investment on this scale will enable us to help drive the West End’s competitiveness and appeal as an economic, cultural and retail centre of global significance.” Read more: https://bit.ly/4jrYmE9. #Investment #Mayfair #MixedUse #PeopleAndPlanetPositive
Complimenti!
A significant step for Grosvenor and a strong vote of confidence in the future of the West End. Exciting to see investment supporting the evolution of London’s commercial and cultural landscape.
Fabulous news for London and all involved. Congratulations.
Congrats!
Significant move for both parties well done to all involved
We are very pleased to enter a new partnership with Grosvenor in Mayfair. We have confidence in the long-term value creation inherent in the West End and are excited to see that delivered through Grosvenor's well-respected management!
Great move, James and team
FM Hard Services & Projects
2moCongrats!