Within our global remit, we back specialist local property investment teams, who share our values and have a demonstrable investment track record.
Since our first partnership in 2012, we’ve successfully backed aligned, specialist, local management teams across five continents and in a broad range of sectors including industrial/ logistics, student accommodation, life sciences, healthcare, housing and offices.
By investing Grosvenor’s own capital alongside local partners who have a clear understanding of the changing demands of real estate in their markets, we aim to generate strong commercial results, while advancing our social and environmental ambitions.
Propertylink is an Australian industrial and office investment specialist. We have had three separate partnerships with Propertylink since 2014, two of which were in joint venture with Goldman Sachs, which between them acquired over A$1bn of industrial and office properties, providing high-quality premises to hundreds of businesses.
Kefren Capital is a Spanish investment and asset management business that specialises in commercial real estate. In 2015 we partnered with Kefren Capital and Brunswick Invest to invest in high-yielding Spanish logistics warehouse properties. The joint venture sold its portfolio in February 2019.
IO Asset Management (IOAM) acquires and manages multi-let industrial estates and small business parks throughout the UK. IOAM looks to reposition each estate in the local market, working with occupiers to provide the business environment required for them to succeed. We first partnered with IOAM in 2012, exiting at the end of 2015. We closed closed a second deal in joint venture with IOAM and Quilvest in 2015 and exited in March 2019.
High Street Logistics Properties is a private equity real estate investment management company, which specialises in industrial property in the United States. Since 2012 we have invested alongside the company in three successful vehicles, helping support businesses by providing them with high-quality, professionally managed premises. We exited the final investment in December 2020.
Four Ashes Ltd was three-way partnership led by Kilbride Holdings, backed by both Grosvenor’s Indirect Investment team and Piers Monkton, the majority landowner. The partnership secured a Development Consent Order for a new strategic rail freight interchange in the West Midlands – the West Midlands Interchange (WMI) – in response to Government policy identifying the need for greater rail freight provision. The pivotal scheme will deliver much needed employment and help reduce carbon dioxide and nitrous dioxide emissions by transferring goods from road to rail.
Between 2018 and 2019, we committed US$56m to Bridge Investment Group’s Workforce & Affordable Housing Fund which invests in multifamily communities where at least 51% of units are occupied by households earning less than 80% of the area’s median income. Bridge is a market leader in workforce and affordable housing in the US and has a long history in improving access to affordable housing and investing in communities that have historically experienced underinvestment. Grosvenor exited the fund in December 2021.