New Investment Bets And The Death Of Old Sayings: £11.5B Grosvenor Evolves For Growth The 34-year veteran leader of a 340-year-old property company says it is shifting into new areas, including venture capital investment, to keep growth coming while moving away from some age-old real estate axioms that no longer apply. Grosvenor annual results this week showed a slowdown in profits and returns in 2022. But CEO Mark Preston is highlighting the company's £111M investment in food and agtech businesses last year and its plan to keep channelling profits from the firm’s £9B property empire into the area. Preston also said the company would spend £500M backing other property investors in sectors like logistics and student housing over the next five years. And, though Grosvenor owns a £4.5B chunk of London’s West End, one of the world’s most expensive property markets, Preston asserts the old mantra of "location, location, location" is dead — at least when it comes to office. 
“Fifteen years ago, we were so focused on making sure we were seen as a sophisticated international property investor that we were a bit shy about talking about the muddy wellies on the back doorstep,” Preston told Bisnow. “But now the things we were most shy about are among the…  Read the full story here. | 
