Sunday, Apr 15, 2007

Losses in Liverpool present a disappointment for the nation's largest landlord

TimesOnline: Liverpool dents duke’s legacy

Passed down through more than 300 years of family ownership, the estate, now under the stewardship of Gerald Cavendish Grosvenor, the sixth to bear the title of duke since it was created in 1874, encompasses 200 acres of prime property in Belgravia, 100 acres in Mayfair and a sizeable tranche of Oxford Street. Stretching from the plush Lanesborough hotel to Bond Street bou-tiques — the duke and his family own it all.

The empire doesn’t stop there: the duke’s private property company, Grosvenor, has tentacles that spread across the globe, with more than £11 billion of assets under management stretching from Brisbane to Shanghai to San Francisco.

Posted by lvmreader @ 02:39 PM (312 views) Add Comment

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