Overview
- Grosvenor Group, led by Duke of Westminster Hugh Grosvenor, plans to dispose of roughly £700 million of US properties and says there is no rush to complete the deals.
- The move follows a £108 million loss in North America in 2025 alongside a £23.2 million decline in revenue worldwide.
- Raynor says disposals will happen over a period of time, and he points to indirect investments that typically run four to five years instead of the decades often needed for directly owned sites.
- UK operations remain comparatively strong, with underlying profit of £88.7 million in 2025 and about 97% occupancy across London holdings.
- The US portfolio includes sites in cities such as Seattle, San Francisco, Los Angeles and Washington, and the company has recently written down projects in Vancouver and the United States to reflect weaker valuations.