International Expansion
Although Grosvenor is often identified with its core asset, the Grosvenor Estate in London, which is now managed within Grosvenor Britain & Ireland, much of the present-day investment and development portfolio is in other parts of Britain and Ireland. International expansion began in the 1950s, in Canada and later in the United States – hence businesses in the Americas. In the 1960s the businesses expanded into Australia and, in the 1990s, into Asia Pacific Also in the 1990s, Grosvenor expanded into Continental Europe, where most current activity relates to Grosvenor’s fund management business. This was formally established in 2005 and now encompasses the Americas, Asia Pacific (including Australia) and Europe (including the UK).
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Famous quotes containing the word expansion:
“We are caught up Mr. Perry on a great wave whether we will or no, a great wave of expansion and progress. All these mechanical inventions—telephones, electricity, steel bridges, horseless vehicles—they are all leading somewhere. It’s up to us to be on the inside in the forefront of progress.”
—John Dos Passos (1896–1970)