Grosvenor has launched a new Investment team, which will actively manage a c£1 billion UK property portfolio, comprising newly acquired and existing assets and projects outside of Mayfair and Belgravia.

Managed by Rachel Dickie, the team will deploy an initial £300 million of equity into income producing assets where it can enhance their environmental, social and commercial performance and build scale in new markets.

In addition, the portfolio encompasses the management of Liverpool ONE, a 42 acre retail destination, and Grosvenor’s fast-growing master developer business, Strategic Land, which has a pipeline of c18,000 homes. It will also include phases of the Bermondsey development as they complete.

In June, Grosvenor completed its first acquisitions under the new strategy: 134 Edmund Street, an 85,000 sq ft office building in Birmingham’s central business district, and The Hive, an 80,000 sq ft office building in Manchester’s Northern Quarter.

Rachel Dickie, Executive Director – Investment, Grosvenor said “We intend to further expand our presence regionally over the next year, deploying capital quickly. Our investments in Birmingham and Manchester are indicative of the type and scale of investments we will make.”

Longer-term, the team will invest alongside public and private sector partners in sustainable mixed-use neighbourhoods in urban centres, where Grosvenor can make a meaningful contribution to community success and local environmental ambitions.

Rachel Dickie, added: “Our core expertise lies in collaboratively designing and managing mixed-use urban neighbourhoods that stimulate community success and lead the way in tackling climate change. We’ve proven this across London, the south-east and in Liverpool.

“By further scaling our investment across the UK alongside partners we have an enormous opportunity to apply our skills and financial capacity to help urban centres adapt and succeed.”

The work of the Investment team is guided by Grosvenor Britain & Ireland’s stretching environmental sustainability goals and commitment to community success.