FINANCE: Grosvenor Fund Management has launched a European retail fund that will grow to around €400m (£314.3m).
This will be GFM’s fifth high street retail vehicle, and will invest in core cities in the UK, France, Belgium, Sweden, Finland, Denmark, Italy and Spain. It will be capitalised by the Grosvenor Group and an existing Canadian investor.
GFM currently has €3bn of assets under management in Europe, including Liverpool ONE in the UK.
sophia.furber@estatesgazette.com
