17.04.2013 - Londonís luxury-home boom may be ending, Grosvenor says
Grosvenor Group Ltd., the real estate company owned by the Duke of Westminsterís family trusts, said itís looking to buy rental properties for middle-income tenants as Londonís five-year luxury-home boom may be ending. Grosvenor will target rental-home purchases because the value of luxury properties may climb at a slower rate, Chief Executive Officer Mark Preston said in a telephone interview today. The London-based company may partner with pension funds in the investments, he said..........................................Full Article: Source
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