Supplementing our North American development and investment activities, the Structured Development Finance Programme provides capital to leading residential developers in targeted US and Canadian markets. Over 9,500 homes have been built through this business line.

The programme, which operates using Grosvenor and partner capital, is actively fundraising for its fourth iteration, timed to take advantage of the continuing need for housing in Grosvenor’s core North American gateway markets of Vancouver, Seattle, Los Angeles, San Francisco and Washington, D.C.

Notably, in 2024, the programme committed financing for Intracorp’s C$450m Gardena project in Metro Vancouver which will deliver 527 condominium and 218 rental units. This financing marks the 26th transaction between Grosvenor and Intracorp in a relationship that spans over 2,500 residential units and more than 20 years.