1677 - 2014
The family and the land - 1677
The origins of our property business lie in the land in London that came into the Grosvenor family in 1677 with the marriage of Mary Davies and Sir Thomas Grosvenor - 500 acres of swamp, pasture and orchards to the west of the City, of which 300 acres remain with the family today forming Grosvenor's London estate.
Mayfair, London - 1720s
'Mayfair' took its name from the fair held there in May until well into the 19th century. In 1720 the family began developing the land into a fashionable residential area, centred on Grosvenor Square. Mayfair's character continued to evolve through subsequent development and now contains a cosmopolitan mix of commercial and residential property.
Belgravia, London - 1820s
'Belgravia' was originally part of the 'Five Fields' - open land between Hyde Park and the Thames. The end of the Napoleonic Wars and the conversion of nearby Buckingham House
International expansion – 1950s
During the second half of the 20th century, Grosvenor began to apply its estate management skills of investment, development and asset management elsewhere in the UK, into the Americas (from the 1950s), Asia Pacific (from the early 1990s) and continental Europe (later that decade). Many projects were undertaken in partnership with other investors, leading us gradually into fund management.
Corporate structure - 2000
In April 2000, we became a Group of regional businesses and published our first full Annual Report and Accounts. In 2005 our international fund management business was formalised as a discrete entity. In 2012, we brought all our indirect investments in property together, creating the present tripartite structure of direct proprietary activities; indirect proprietary activities; and fund management.
Ownership – 2014
Grosvenor remains privately owned. Our Shareholders – the Trustees of the Grosvenor Estate – hold the shares and assets for the benefit of current and future members of the Grosvenor family. The family is headed by the 6th Duke of Westminster, who is Chairman of the Trustees.