Grosvenor is a privately owned property group with offices in 17 of the world's most dynamic cities. We have five regional investment and development businesses in Britain and Ireland, the Americas, Continental Europe, Australia and Asia Pacific. Our international fund management business operates across all these markets. As at 31 December 2008, these six businesses had total assets under management of £12.6bn. Unusually for a private company, Grosvenor publishes a full Annual Report and Accounts, available at www.grosvenor.com.
Grosvenor's core portfolio is 120 hectares (300 acres) across Mayfair and Belgravia that we call our London Estate, first developed by the Grosvenor family 300 years ago. Our strategy in London and other UK cities emphasises the creation and management of successful places, often involving a mix of residential, retail, leisure and office uses. We recognise that our future success as a business is tied to the sustainable growth of the citieis in which we have a presence. We have a vested interest in the future shape of the urban landscape and aim to help create attractive and vibrant cities in which people want to live and work.