Grosvenor Group is a family-owned international property organization that traces its origins to 1677. The company operates on behalf of Hugh Grosvenor, 7th Duke of Westminster, and his family, with headquarters at 70 Grosvenor Street in London. Grosvenor's activities span urban property development and investment, food and agtech ventures, rural estate management, and philanthropic initiatives. The organization manages assets across 62 international cities with offices in 14 locations.
The company operates through four regional development and investment divisions: Britain and Ireland, the Americas, Europe, and Asia Pacific. Grosvenor's core London holdings include approximately 175 predominantly office and retail assets in Mayfair and properties across Belgravia. Its investment strategy centers on long-term value creation through mixed-use developments, strategic partnerships, and sustainable asset management. Major holdings include Liverpool ONE shopping district (sold 23% stake in 2024), properties in San Francisco, Vancouver, Tokyo, Beijing, Shanghai, and Hong Kong, and developments across Stockholm, Lyon, and Metz.
In 2024, Grosvenor established a £1.2 billion partnership with Norges Bank Investment Management covering approximately 25% of its Mayfair portfolio of 175 assets. The organization sold its Liverpool ONE stake to Landsec to free capital for a £6.6 billion development pipeline. Grosvenor's portfolio delivered a 3.4% total return in 2024 with 97% average occupancy globally. The company maintains operations in residential, office, retail, industrial, and hotel sectors. The organization employs approximately 10,800 people and reported £86.4 million in underlying profit for 2024.
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