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28 May 2012

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Grosvenor returns to 2010 profit, eyes China, London

London-based private property group Grosvenor, with some 26% of assets in continental Europe, in 2010 returned to pre-tax profit of £395m, reversing a 2009 loss of £236m. It began stepping up reinvestment last year after four years of decline. "We remain committed to expansion in Asia, especially China, and to .. London," said CEO Mark Preston.

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