14 September 2018
Grosvenor Group completes sale of 20% of Sonae Sierra
Sale approved by the competent competition authorities
We are pleased to announce that, following anti-trust approval from the competent competition authorities, Grosvenor Group Limited (‘Grosvenor’) has completed the sale of the portion of its interests representing 20% of Sonae Sierra to Sonae SGPS, for a total consideration of 255.9 million euros.
The sale was initially announced to the market on 14th July 2018. The announcement can be read here.
For more information contact:
Sorrel Basher, Group Communications Manager
email@example.com / 020 7312 7008
Notes to Editors
About Grosvenor Group:
Grosvenor Group is one of the world’s largest privately-owned property companies. We develop, manage and invest in property in more than 60 cities around the world.
Through the activities of Grosvenor Britain & Ireland, Grosvenor Americas, Grosvenor Asia Pacific and Grosvenor Europe we diversify the Group’s property portfolio by geography, sector, activity, currency and management teams.
Our Indirect Investment business further diversifies the Group’s property interests beyond the expertise and strategies of our four regional Operating Companies. It invests Grosvenor’s capital in Africa, Australia, Europe and North and South America.
Grosvenor Group’s purpose is to deliver lasting commercial and social benefit. To live up to this ambition, for over 10 years we have adopted an approach we call 'Living cities' which aims to guide and inspire our property activities.
Achieving strong commercial returns enables our activities to be enduring. Applying our expertise with a far-sighted perspective to improve properties and places provides a positive impact on communities, neighbourhoods and cities.