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The Grosvenor portfolio presents our funds, our proprietary assets, assets we hold through joint ventures or Sonae Sierra, and assets held in funds.
   
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Mark Preston

Mark Preston has taken over as Group Chief Executive. Peter Vernon succeeds him as Chief Executive of Grosvenor Britain & Ireland.

Asia Quarterly Report - March 2007

Asia Quarterly Report - March 2007

Tokyo

Kamizonocho Project, TokyoMayfair Gardens Takanawa, Tokyo

We began our business in Tokyo in 2000. As the second largest economy in the world, it is significant that it has chalked up 60 consecutive months of expansion (as of end of 2006), the longest period of growth since the 1940s. The combination of low interest rates and steady economic growth provide a good environment for the property markets.

 

Kamizonocho is our first luxury residential development in Japan. Working in joint venture with our local partners, the project is in a prime city centre location inside Yoyogi park.

 

For investment, we have seeded two residential funds, managed by Grosvenor funds, which have concluded over 40 residential transactions.