Deliver strong commercial results

Delivering strong commercial results is one of the five principal objectives that help guide how we meet our purpose of delivering lasting commercial, social and environmental benefit.

We strive to deliver strong commercial returns, while optimising environmental, social and governance outcomes.

Please see below for metrics and case studies that demonstrate and substantiate the the progress we are making around this objective.

Visit these pages to see how we are making progress against our other objectives:

And please read our latest Annual Review to discover more about the full breadth of Grosvenor’s international activities.

Delivering strong commercial results is one of the five principal objectives that help guide how we meet our purpose of delivering lasting commercial, social and environmental benefit.

We strive to deliver strong commercial returns, while optimising environmental, social and governance outcomes.

Please see below for metrics and case studies that demonstrate and substantiate the the progress we are making around this objective.

Visit these pages to see how we are making progress against our other objectives:

And please read our latest Annual Review to discover more about the full breadth of Grosvenor’s international activities.

Achieving commercial progress Achieving commercial progress

Achieving commercial progress

"Collectively, we have seen a pleasing recovery in financial performance across almost all of our commercial activities during 2021. We have continued to work with our customers and communities, as well as the partners, businesses and organisations we work alongside, to jointly navigate the ongoing challenges of the coronavirus pandemic. 

This approach of focusing on long-term social, environmental and commercial benefit has worked well, as people have begun returning to their ‘new normal’."

Read more about our performance in the 'Deliver strong commercial results' section of our Annual Review.

Robert Davis
Chief Financial Officer
Grosvenor


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Urban Property commercial highlights

2021 has seen a recovery for our international property business, demonstrating the ongoing benefit of the sectoral and geographic diversification we have pursued since the 1950s.  

Revenue profit
(£m)

99.7

2020: £39.7

Total return
(%)

5.2

2020: (2.4)%

Net assets
(£bn)

6.1

2020: £5.9bn

Profit before tax
(£m)

437.5

2020: £(322)m

Economic gearing
(%)

23.9

2020: 22.3%

Financial capacity
(£bn)

2.1

2020: £1.9bn

Occupancy
(%)

92

(2020: 93%)

Property assets
(£bn)

8.9

2020: £8.4bn

Assets under management
(£bn)

11.0

2020: £11.1bn

Food & AgTech commercial highlights

During 2021, we continued to be an active investor in food and agtech, committing a further £81m to bring the total value of our assets under management to £629m which includes a portfolio of 27 investments.

New investments

£81m


Rural Estates commercial highlights

Our commercial activities are predominantly centred around one of the UK’s leading commercial dairy and arable farms, the management of a rural property portfolio and, in 2021, the establishment of a timber production venture.

Net profit*
(hidden)

£2.4m

hidden

Our Rural Estates have been managed for hundreds of years with a primary focus on good long-term stewardship and a desire to enhance the economic social and environmental wellbeing of the communities we are part of.  As part of our Rural Estates, this year’s net profit is accounted for by our commercial performance in Grosvenor Farms, the management of a rural property portfolio and other small local ventures (e.g. renewable energy production, a small number of holiday cottages for letting, etc.).

*Based on EBITDA per the most recently approved audited financial statements and excluding central administrative charges.

Gross value
(hidden)

£345m

hidden

This figure represents the value of rural land and of our rural property portfolio which includes over 780 properties, comprehensive of homes, offices, shops, schools, farms, etc.

"We are investing for the long term and are committed to building on our investment platforms: international property, the principal driver of our commercial performance,  and food and agtech, a rapidly growing investment diversification opportunity."

Jonathon Bond
Chief Investment Officer
Grosvenor


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