Grosvenor Group makes record pre-tax profit for 2014

摘要

Grosvenor Group has reported record results for the 2014 calendar year, with pre-tax profit hitting an all-time high of £681.8m. Pre-tax profit was up from £506.9m in 2013. Grosvenor's development pipeline stood at £5.5bn at the end of 2014. The client - owned by the Duke of Westminster -said it had unused committed financial capacity of £l.lbn, which it said would allow it to increase future investment and development activity, as well as providing it with a cushion against the impact of any market downturn.