Nicholas Loup Grosvenor
British real-estate development and investment firm Grosvenor launched a $600 million fund that will invest in China’s shopping malls and is seeking property-development opportunities in Shanghai.
Grosvenor’s Asia-Pacific chief executive, Nicholas Loup, said the company is maintaining its strategy of significantly expanding its presence in China in the next five to 10 years, despite the recent global financial turmoil. The firm, with $25.7 billion in assets under management at the end of 2007, would like Asia to eventually represent 20% of its total assets.
Source: Wall Street Journal