Grosvenor Estate
| Family-owned private limited company | |
| Industry | Real estate |
| Founded | 1677 |
| Founder | Sir Thomas Grosvenor, 3rd Baronet |
| Headquarters | 70 Grosvenor Street, London W1K 3JP, United Kingdom |
|
Area served
|
Worldwide |
|
Key people
|
|
| Products | property, residential, real estate services, hotels, offices and shopping centres |
| Revenue |
 US$79.2 million (2016)
|
|
US$136.8 million (2016)
|
|
| AUM |
US$12.6 billion (2016)
|
| Total assets |
 US$59.5 billion (2016)
|
| Owner | Hugh Grosvenor, 7th Duke of Westminster |
|
Number of employees
|
10,800 (2016) |
| Parent | Grosvenor Estate |
| Subsidiaries | Grosvenor Britain & Ireland Grosvenor Americas Grosvenor Europe Grosvenor Asia Pacific Grosvenor Fund Management |
| Website |
www.Grosvenor.com www.GrosvenorEstate.com |
The Grosvenor Group Limited is an internationally diversified property group, founded 1677, and headquartered in the United Kingdom. It has a global reach, now in 60 international cities, with offices in 17 of them, operated on behalf of its owners, the Duke of Westminster and his family. It has four regional development and investment businesses: in Britain and Ireland, the Americas, Australia, and Asia Pacific; an international fund management business, which operates across these markets and in continental Europe; and a portfolio of indirect investments. Its sectors include residential, office, retail, industrial, and hotels.
The history of the Grosvenor Estate begins in 1677 with the marriage of the heiress Mary Davies to Sir Thomas Grosvenor, 3rd Baronet (1655–1700). Mary had inherited the manor of Ebury, 500 acres of land north of the Thames to the west of the City of London, which remained largely untouched by the Grosvenors until the 1720s, when they developed the northern part, now known as Mayfair, around Grosvenor Square. A few generations later, in the 1820s, their focus moved south, to what is now Belgravia, developing Eaton Square, Chester Square, and other famous addresses. Later in the 19th century, the area of Pimlico was developed; this was sold in 1953.
Many of the streets within the estate are named after the Grosvenor family and its connections. The Grosvenor family became established in England before the 15th century, on the manor of Eaton in Cheshire, where is still located its principal seat Eaton Hall. Many of its early members sat as Member of Parliament for Chester. In 1874, Hugh Grosvenor was created Duke of Westminster; other titles held by the Duke are: Marquess of Westminster, Earl Grosvenor, Viscount Belgrave, and Baron Grosvenor. The title Baron Ebury was granted in 1857 to the 3rd son of the 1st Marquess, after the name of the original manor of Ebury (whence Ebury Street, etc. in Pimlico), and the 2nd son of the 1st Marquess succeeded his maternal grandfather under special remainder in 1814 to the title Earl of Wilton (whence Wilton Crescent etc. in Belgravia), "The Cheshire villages of Lupus, Eccleston and Belgrave, within or near the family estate, are recognised in street names of the London estate."
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Wikipedia