Property News · April 25, 2023

Duke of Westminster’s property firm pays £50m dividend despite profits drop


Boss of Grosvenor, which owns swathes of Mayfair and Belgravia, warns of ‘more pain’ for commercial property marketProfile: London property baron born with ‘longest silver spoon’The Duke of Westminster’s property company, which owns swathes of London’s exclusive Mayfair and Belgravia districts, has paid out a £50m dividend despite falling profits.The boss of Grosvenor, the duke’s £11.5bn property empire, warned of a period of stagflation and that UK interest rates and inflation could stay high for longer than expected, resulting in “more pain” for the commercial property market. Continue reading…

Source : theguardian.com
Read more…Duke of Westminster’s property firm pays £50m dividend despite profits drop

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