Grosvenor has announced 2007 pre-tax profits of £524 mln (EUR 657mln), an increase of 3% on 2006. The total return of 14.4% represented a drop of 1.1% on the previous year. Total assets under management increased by 17% to £ 12.9 bn (EUR 16.2 bn) while balance sheet net asset value increased by 19% to £3.1bn (EUR 3.9bn).
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
