Solid 2018 Grosvenor results exceed CEO's expectations

摘要

Grosvenor Group chief executive Mark Preston has admitted that he had been "too pessimistic too soon" about the outlook for the property market as the company posted better-than-expected financial results for 2018. A year ago, Preston warned that the industry was "facing the reality of the turning of the interest rate cycle" and that "a period of lacklustre returns" lay in store.