Grosvenor Group

{{Primary sources|date=February 2023}} {{Use dmy dates|date=May 2017}} {{Use British English|date=May 2017}} {{Infobox company | name = Grosvenor Group Limited | former_name = | logo = | type = [[Family business|Family-owned]] [[Private company limited by shares|private]] [[limited company]]<ref name=AR2015>{{cite web|url=http://www.grosvenor.com/downloads/annual-report-archive/grosvenor-annual-review-2015/|title=Grosvenor Group Limited – Annual Review 2015|website=www.Grosvenor.com|publisher=Grosvenor Group Limited|format=pdf|access-date=16 May 2017|archive-date=3 July 2017|archive-url=https://web.archive.org/web/20170703123919/http://www.grosvenor.com/downloads/annual-report-archive/grosvenor-annual-review-2015/|url-status=live}}</ref> | industry = [[Real estate]] | foundation = {{Start date and age|1677}}<ref name=AR2015 /><ref name=History>{{cite web|url=http://www.grosvenor.com/about-grosvenor/history/|title=Grosvenor Group Limited – History|website=www.Grosvenor.com|publisher=Grosvenor Group Limited|access-date=16 May 2017|archive-date=10 May 2017|archive-url=https://web.archive.org/web/20170510095905/http://www.grosvenor.com/about-grosvenor/history/|url-status=live}}</ref> | founder = [[Sir Thomas Grosvenor, 3rd Baronet]] | location_city = 70 Grosvenor Street, [[London]] W1K 3JP | location_country = United Kingdom | area_served = Worldwide | key_people = {{unbulleted list|[[Hugh Grosvenor, 7th Duke of Westminster]] ([[Chairperson|Chair]])|Mark Preston, FRICS ([[Chief executive officer|CEO]])|Robert Davies, FCA ([[Chief financial officer|CFO]])}} | products = Property, residential, real estate services, hotels, offices and shopping centres | revenue = {{increase}} [[United States dollar|US$]]1.2 billion (2017)<ref name="grosvenor.com">{{Cite web|url=http://www.grosvenor.com/news-views-research/news/2018/2017annualresults/|title=Grosvenor – All articles|access-date=16 May 2018|archive-date=17 May 2018|archive-url=https://web.archive.org/web/20180517013237/http://www.grosvenor.com/news-views-research/news/2018/2017annualresults/|url-status=live}}</ref> | operating_income = {{increase}} US$622.3 million (2017)<ref name=FinStat2016>{{cite web|url=http://www.grosvenor.com/getattachment/7175f7c3-8d48-4814-8e5d-d9cafc482e50/Grosvenor-Financial-Statements-2016.pdf|title=Grosvenor Group Limited – 2016 Financial Statements|website=www.Grosvenor.com|publisher=Grosvenor Group Limited|date=23 March 2017|access-date=16 May 2017|archive-date=21 June 2017|archive-url=https://web.archive.org/web/20170621173258/http://www.grosvenor.com/getattachment/7175f7c3-8d48-4814-8e5d-d9cafc482e50/Grosvenor-Financial-Statements-2016.pdf|url-status=live}}</ref> | net_income = | assets = {{increase}} US$63.7 billion (2017)<ref name=AR2015 /> | aum = {{increase}} US$36.7 billion (2019)<ref name="grosvenor.com" /> | equity = | owner = Hugh Grosvenor, 7th Duke of Westminster, and family | num_employees = 10,800 (2016) | parent = Grosvenor Estate<ref name=AR2015 /> | subsid = Grosvenor Britain & Ireland<ref name=Approach>{{cite web|url=http://www.grosvenor.com/about-grosvenor/our-approach/|title=Grosvenor Group Limited – Approach|website=www.Grosvenor.com|publisher=Grosvenor Group Limited|access-date=16 May 2017|archive-date=8 May 2017|archive-url=https://web.archive.org/web/20170508045920/http://www.grosvenor.com/about-grosvenor/our-approach/|url-status=live}}</ref> Grosvenor Americas<ref name=Approach /> Grosvenor Europe<ref name=Approach /> Grosvenor Asia Pacific<ref name=Approach /> Grosvenor Fund Management | homepage = [http://www.grosvenor.com/ Grosvenor.com] [http://www.grosvenorestate.com/ GrosvenorEstate.com] }} [[File:Belgrave Square - geograph.org.uk - 374355.jpg|thumb|200px|[[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.<ref name=GG>{{cite web|url=https://www.grosvenor.com/about-us/who-we-are/|title=About us|publisher=Grosvenor Group Limited|access-date=27 August 2019|archive-date=14 May 2019|archive-url=https://web.archive.org/web/20190514092228/https://www.grosvenor.com/about-us/who-we-are|url-status=live}}</ref><ref name=control>{{cite web |url=https://beta.companieshouse.gov.uk/company/03219943 |title=Grosvenor Group Limited |work=Companies House |access-date=27 August 2019 |archive-date=27 August 2019 |archive-url=https://web.archive.org/web/20190827171945/https://beta.companieshouse.gov.uk/company/03219943 |url-status=live }}</ref> Previously (from 1841) based at 66–68 Brook Street & 53 Davies Street,<ref>{{cite web |last1=Sheppard |first1=F H W |title=Brook Street: North Side Survey of London: Volume 40, the Grosvenor Estate in Mayfair, Part 2 (The Buildings). |url=https://www.british-history.ac.uk/survey-london/vol40/pt2/pp2-21 |website=British History Online |access-date=5 February 2025}}</ref> it is now based at 70 Grosvenor Street.<ref>{{cite web |title=Contact us |url=https://www.grosvenor.com/contact-us |website=Grosvenor |access-date=5 February 2025}}</ref>

It has a global reach, now in 62 international cities, with offices in 14 of them,<ref name=History /> operated on behalf of its owners, the [[Duke of Westminster]] and his family. It has four regional development and investment businesses (Britain and Ireland, the Americas, Europe, and Asia Pacific)<ref name=Businesses>{{cite web|url=http://www.grosvenor.com/our-businesses/|title=Grosvenor Group Limited – Businesses|website=www.Grosvenor.com|publisher=Grosvenor Group Limited|access-date=16 May 2017|archive-date=8 May 2017|archive-url=https://web.archive.org/web/20170508081951/http://www.grosvenor.com/our-businesses/|url-status=live}}</ref> 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,<ref name=AR2015/><ref name=History/> with the marriage of 12 year-old heiress Mary Davies to [[Sir Thomas Grosvenor, 3rd Baronet]] (1656–1700). Mary had inherited the [[Manorialism|manor]] of [[Eia|Ebury]], 500 acres of land north of the Thames to the west of the [[City of London]].<ref name=History/> This area remained largely untouched by the Grosvenors until the 1720s, when they developed the northern part, now known as [[Mayfair]], around [[Grosvenor Square]].<ref name=History/> 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.<ref name=History/> 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 [[Manorialism|manor]] of [[Eaton Hall, Cheshire|Eaton]] in [[Cheshire]], where its principal seat, [[Eaton Hall, Cheshire|Eaton Hall]], is still located. Many of the family's early members sat as one of the two [[Member of Parliament|Members of Parliament]] for [[City of Chester (UK Parliament constituency)|Chester]].

In 1874, [[Hugh Grosvenor, 1st Duke of Westminster|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 [[Robert Grosvenor, 1st Baron Ebury|Robert Grosvenor]], third son of [[Robert Grosvenor, 1st Marquess of Westminster]], after the name of the original manor of Ebury (whence Ebury Street, etc. in Pimlico), and [[Thomas Egerton, 2nd Earl of Wilton|Thomas Grosvenor]], the second son of the 1st Marquess, who succeeded his maternal grandfather under special remainder in 1814 to the title of [[Earl of Wilton]] (whence Wilton Crescent etc. in Belgravia).<ref>Debrett's Peerage, 1968, pp.1147–1148</ref> "The Cheshire villages of Lupus, Eccleston and Belgrave, within or near the family estate, are recognised in street names of the London estate."<ref>[[Loelia Lindsay|Loelia, Duchess of Westminster]], Memoirs of, London, 1961, p.174</ref>

===Buildings=== The Mayfair portion of the estate includes [[Peabody Trust|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.<ref name=History/>

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

==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<ref name=AR2015 /> *Connaught, a mixed-use building in Edgemont Village in [[North Vancouver (district municipality)|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<ref name=AR2015 /> *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<ref>{{Cite web|url=https://dc.citybizlist.com/article/502354|title=Grosvenor Americas' Central Wins A Five Star 2018 American Property Award|website=Citybizlist|access-date=11 October 2018|archive-date=6 November 2021|archive-url=https://web.archive.org/web/20211106211331/https://dc.citybizlist.com/article/502354|url-status=live}}</ref> *Reay Forest, a [[deer forest]] in [[Sutherland]], [[Scotland]]<ref>{{Cite web |title=Reay Forest Estate |url=https://www.grosvenor.com/rural-estates/reay-forest-estate-5ec3d8514b3a70369cbdf023beff4601 |access-date=2023-12-15 |website=www.grosvenor.com |language=en}}</ref> *[[Abbeystead]] Estate, [[Forest of Bowland]], [[Lancashire]], England.

==See also== Other large privately owned historic estates in London include: *[[Bedford Estate]] (Bloomsbury) *[[Cadogan Estates]] (Chelsea) *[[Howard de Walden Estate]] (Marylebone) *[[Kingston House estate, London|Kingston House Estate]] (Knightsbridge) *[[Pettiward Estate]] (Putney and West Brompton) *[[Portman Estate]] (Marylebone) *[[The Henry Smith Charity|Smith's Charity Estate]] (South Kensington)

==References== {{reflist}}

===Further reading=== *{{cite book |editor1-last=Sheppard |editor1-first=F.H.W. |title=Survey of London: Volume 39, the Grosvenor Estate in Mayfair, Part 1 (General History) |date=1977 |publisher=London County Council |location=London |pages=67–82 |url=https://www.british-history.ac.uk/survey-london/vol39/pt1/pp67-82}}

==External links== *[https://www.grosvenor.com/ Grosvenor Group] – official website *[http://www.grosvenor.com/about-grosvenor/performance-and-transparency/report-archive/ Grosvenor Group – Report Archive] {{Webarchive|url=https://web.archive.org/web/20170502163738/http://www.grosvenor.com/about-grosvenor/performance-and-transparency/report-archive/ |date=2 May 2017 }} *[http://www.Grosvenor.com/About+Grosvenor/Report+and+Accounts.htm Grosvenor Group Environment Review] {{Webarchive|url=https://web.archive.org/web/20140317213717/http://www.grosvenor.com/About%20Grosvenor/Report%20and%20Accounts.htm |date=17 March 2014 }} *[http://www.GrosvenorEstate.com Grosvenor Estate] ({{Webarchive|url=https://web.archive.org/web/20170526231001/http://www.grosvenorestate.com/ |date=26 May 2017 }}) – parent company of Grosvenor Group

[[Category:Mayfair]] [[Category:Property companies of the United Kingdom]] [[Category:Privately held companies based in London]] [[Category:Privately owned estates in London]] [[Category:Family-owned companies of the United Kingdom]]