Grosvenor Fund Management (GFM) has reinforced its commitment to the Nordic region and has recently doubled the size of its team in Sweden. The office, which was opened in 2012 with one employee, is now home to eight people, who work closely with the 80-strong GFM team across Europe.
The team is now comprised of:
Anneli Jansson – Director, Nordics
Carl Strufve - Director, Asset Management
Daniel Tayama - Manager, Asset Management
Therese Hultquist -Manager, Asset Management
Idha Bergström - Senior Analyst, Asset Management
Sara Söderström - Analyst, Asset Management
Christoffer Toll - Analyst, Asset Management
Louise Elfström – Team Assistant
The Stockholm office was opened following the acquisition of a portfolio of four retail assets totaling circa €260m. The team has since grown the assets under management in Sweden to circa €830m and the acquisition of Skärholmen Centrum, one of Sweden’s largest shopping centers, earlier this year positioned GFM as one of the top five shopping center managers in the region.
Commenting on the growth of the office, James Raynor, Chief Executive, Grosvenor Fund Management, said:
"We spend a considerable amount of time analysing and understanding potential new markets before committing to them. This considered approach has meant that, since entering the Swedish market in 2011, we have been able to move quickly and add value for our investors. We continue to actively look for other opportunities in the region.”
Giles Wintle, Chief Investment Officer, Grosvenor Fund Management, added:
“Looking ahead, we see the Nordics, and in particular Sweden, as an excellent region to acquire shopping centres where we can add value by exploiting our international retail management expertise. Retailer attitudes to the Nordic markets have changed a lot in recent years and we are seeing a move away from the dominance of national retailers as international brands seek to exploit these wealthy markets. This is an exciting trend for the retail sector in the region and we look forward to using our existing relationships with international retailers to benefit from it.”
For more information contact:
Sorrel Basher, Press Office
020 7312 6101
Notes to Editors
Grosvenor Fund Management
Grosvenor Fund Management aims to create value for investors, shareholders and staff by creating compelling investment strategies that are expertly implemented. Building on our recognised skills and track record, we focus on urban property, often mixed-use and with a retail focus, in cities and locations whose vibrancy will endure. We select high-quality assets and manage them vigorously. We treat our tenants, as well as our investors, as partners, building close and mutually beneficial relationships that draw on Grosvenor’s long experience in real estate. We work best with clients who, like Grosvenor, have a long-term view of investments while being alert to the potential of short-term opportunities to enhance returns. As at 31 December 2014, assets under management were £3.0bn with 59 investor partners in 21 property funds, club deals and separate account mandates.