Grosvenor Estates start selling off prime London Properties

antrobus

Graham_Devon wrote: »

Who, I believe, are London based investors.

Well, I thought the Grosvenors came from Cheshire. Mind you, I've got no idea where the current Duke actually lives, or the rest of the family for that matter. I suspect at least some of them must be London based these days.

Hang on. Let me check. The address for the Grosvenor Estate is:-

Grosvenor Estate, Eaton Estate Office, Eccleston, Chester CH4 9ET

So a Cheshire based investor.:)

Graham_Devon

mayonnaise wrote: »

That could well be, but when you mentioned...




...I assumed there would be more. Oh well, never mind.

Why did you assume that. I said "THE [Grosvenor Estates] London Based Investors".

It's not that hard.

Why you try to make something so silly out of a none issue is a little beyond me.

Thread over though I guess, as it's just gone down the same, tired, well trodden, juvenile path of pure semantics.

antrobus

purch wrote: »

Seeing as the Grosvenor family acquired half their property in Duels on Hampstead Heath, and the rest for an average price of about 6 guineas I don't really think they can be accused of being "London based investors" nor of liquidating parts of their portfolio out of fear of losing money......

I thought the Grosvenor family acquired most of their property by marrying heiresses. At least that's how they ended up with Belgravia and Mayfair. (And Pimlico before they were obliged to sell.) Of course it was just marshland when they first got hold of it.

mayonnaise

antrobus wrote: »

So a Cheshire based investor.:)

Yeh but no but yeh but no but Graham meant investors who invest in London. Don't go nitpicking now or he'll throw another tantrum. It's should be clear that although he said London based, he didn't actually say it.

antrobus

Graham_Devon wrote: »

Why did you assume that. I said "THE [Grosvenor Estates] London Based Investors".....

But they're based in Cheshire.

I've already sorted that one out for you.:)

chucky

Graham_Devon wrote: »

Why did you assume that. I said "THE [Grosvenor Estates] London Based Investors".

It's not that hard.

Why you try to make something so silly out of a none issue is a little beyond me.

Thread over though I guess, as it's just gone down the same, tired, well trodden, juvenile path of pure semantics.

Oh dear, I can see another online meltdown coming up...

wotsthat

mayonnaise wrote: »

...to invest it elsewhere in London.

Definitely a sign of London based investors bailing out.

I like stories where people buying and selling stuff at record prices is seen as bailing out.

Just shows how journalists work. The headlines could easily have been 'confidence in London market allows Grosvenor to raise cash for new purchases'.

chucky

wotsthat wrote: »

I like stories where people buying and selling stuff at record prices is seen as bailing out.

Just shows how journalists work. The headlines could easily have been 'confidence in London market allows Grosvenor to raise cash for new purchases'.

It's not just the journalist dramatising it all, it's Graham putting his own spin on it all.

Graham_Devon wrote: »

So, the London based investors now seem to be bailing out for fear of prices rising too high....

No where in the article does it mention "bailing out for fear of prices rising too high". It 's all for dramatic effect by the resident doom monger.

danothy

wotsthat wrote: »

Someone decides to take some profit - obviously a bubble.

Finally, a firm criteria. I say we stick with it until someone can find a divine one.

Generali

Isn't Grosvenor owned by the Duke of Westminster? Hard to think of a more London name!

Anyway, they've owned Central London for 350 years. They count as Londoners, even if head office is offshore Up North. It's grim up north.