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Jeremy Newsum

Grosvenor Group achieved a record profit in 2007. Profits before tax increased by 3% to £524m and the Group earned a total return of 14.4%.

Spain Quarterly Report - Q4 2007

Spain Quarterly Report - Q4 2007

Spain

Omega Business ParkPlaza Mayor, Malaga (Sonae Sierra)

Although the Spanish economy is facing a sharp slowdown, Spain remains a core market in Grosvenor Continental Europe’s strategy.

 

With twelve years of presence in Spain, Grosvenor has a good understanding of the Spanish property markets. The local team is highly experienced in property investment and development and has been reinforced recently to meet the new challenges and opportunities of changing market scenarios.  Our offices are located in Plaza de Colón 2, Torre 2, in the centre of Madrid

 

The Spanish team is integrated into Grosvenor Continental Europe whose headquarters are in Paris, mixing local commercial expertise with centralised back office and support functions, such as research and marketing.

 

Grosvenor in Spain is focused mainly on office development and investment, while still remaining alert to other opportunities in industrial or retail sectors, with the exception of shopping centres.  Shopping centre activity for the whole of Continental Europe is managed by Sonae Sierra which is 50% controlled by Grosvenor.