The Duke of Westminster, who died this week aged 64, held one of the largest private property portfolios in the UK.
His £13.1bn property company, Grosvenor, has vast holdings in Mayfair, W1, and Belgravia, SW1.
He was chairman of the trustees of the Grosvenor Estate, which includes Grosvenor, Grosvenor Fund Management, investment arm Wheatsheaf Investments and the Family Investment Office, which manages the rural estates.
The Duke, Gerald Cavendish Grosvenor, was also involved in the £1bn development of Liverpool One shopping centre.
George Downing, founder of the Liverpool-based Downing Property Group, said: “The Duke was a significant figure in the North West business community. His passion for our region was well known and his investments made a positive impact on Liverpool in particular, reshaping the city.”
The Duke was based at the family seat, Eaton Hall near Chester, as well as the Abbeystead Estate near Lancaster, where he was taken ill on 9 August.
Under his stewardship, Grosvenor diversified its interests extensively by making investments throughout Asia, Australia, Africa and North America.
The Duke will be succeeded by his son, Hugh Richard Louis Grosvenor, 25, who will inherit the estate and his father’s estimated £9bn wealth.
For more on the Duke, visit editorial.property.rbi.web.ds/news/dukeofwestminsterwealth
