Grosvenor, the Duke of Westminster’s property company, has completed its fifth deal to provide capital to help its tenants expand, as the 300-year-old company looks to innovate and diversify its operations. The company has completed a deal to provide finance to British fashion-design house Roland Mouret, one of its tenants in a store on Mount Street in Mayfair, London. The capital will be used to help the brand expand its online presence and invest its new line of athleisure wear. All told, the company has roughly £7M in deals closed and in the pipeline for what it calls its tenant investment fund. It is extremely rare for a property owner to provide capital to its tenants in this way; mall owner Simon Property has bought struggling retailers out of bankruptcy in the U.S., but providing capital to help tenants expand is not a role landlords have typically played. 
“Even before the pandemic, we felt that the relationship between occupier and owner was fundamentally changing,” Grosvenor Chief Executive James Raynor told Bisnow. “We are going to be in a low-growth, low-return environment, so you need to be thinking about how you can be creative and brave and how you are…  Read the full story here. | 
