In Europe our core markets are the UK, France, Sweden, Spain and Italy, where we actively manage our business from our offices in London, Paris, Stockholm, Madrid, Milan and Luxembourg. The 60 strong team currently manages 128 assets, representing €3.3bn of assets under management.
Our primary focus is the office and urban retail sectors where we have local knowledge, investment skills and a proven track record of adding value to high quality real estate offering our partners access to unique investment opportunities. We manage pooled funds and segregated accounts for a range of institutional, sovereign and high net worth investors.
Grosvenor Fund Management was UK Property Investment House of the Year in 2009 and 2011 by IPD.
In the office sector the team currently manage the Grosvenor London Office Fund a core vehicle on behalf of a small club of investors and in 2011 launched a new partnership with a large Canadian Pension Fund, Grosvenor Office London Partnership, to invest in value add London office assets. We also follow the office sector closely on the continent, in which our objectives is to take tactical positions. Having established a joint venture portfolio in France and Spain, we are considering the strategic options available to us as these markets evolve.
In the urban retail sector we have a strong track record in high street units, shopping galleries, shopping centres, and retail warehouses. Our first Continental European Fund, Grosvenor Retail European Properties, acquired a well diversified portfolio of c55 properties; this was followed by a dedicated French Fund, Grosvenor French Retail Investments, which has established a well spread portfolio of c45 assets. In 2011 Grosvenor European Retail Partnership, established with two investor partners, completed the acquisition of a portfolio of six urban shopping centres located in France and Sweden. A seventh asset, in Sweden, was added to the portfolio in 2012.
In 2012 we also completed the acquisition of a 30 property portfolio in Lyon, France where we will leverage Grosvenor's experience in managing town centre real estate in order to add value to the portfolio.
In the UK we manage the award winning Liverpool One shopping centre through the Grosvenor Liverpool Fund and a segregated account mandate on behalf of a major bank.
We are continually identifying and sourcing attractive real estate investment opportunities, if you would like more information on our business activities in Europe please submit your request here.