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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Grosvenor still wary of property crisis; fund focus in Europe
The London-based Grosvenor, most famous for its 330-year history and extensive Mayfair and Belgravia holdings, is carefully managing worldwide holdings to optimise cash-flow, bracing for another year of volatility and depreciations. Chief Executive Mark Preston, a year into the top job, told PIE: "There may be places, also in continental Europe, where we think it is interesting to invest, but in terms of the broad brush, we are still in conserve-preserve mode for the foreseeable future... Even in the first quarter most markets have come down 6%-8% in terms of capital value so for the full year it could be another big year of value movements."