Friday, August 22, 2008

The Duke of Westminster's property company Grosvenor is developing a framework

The Duke of Westminster's property company Grosvenor is developing a framework to lock in specialist contractors for work on its 120 ha London estate.

The £12.9 billion development and investment firm has more than 760 properties across the estate, which encompasses upmarket Mayfair and Belgravia and has been under the management of the Grosvenor family for 330 years. Project management director Stephen Brewer said the company now wanted to enter a formal arrangement with specialist contractors so as to have "a consistency of approach".

He said Grosvenor had established a three-year renewal framework for general building works across the estate last year, which was won by Renew subsidiary Walter Lilly and property management firm Grangewood.

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