LONDON — Property giant Grosvenor Britain & Ireland is redefining the landlord relationship, taking a minority stake in one of its longstanding fashion tenants, Roland Mouret. An announcement is expected today.
Established in 2020, the fund enables Grosvenor’s new and existing occupiers to grow their businesses through a range of partnerships, ranging from equity to debt. Since the COVID-19 pandemic struck, Grosvenor, which owns much of London’s Mayfair and Belgravia neighborhoods, as well as other parts of central London, has been looking to help retail, hospitality and other businesses that were forced to shut due to three national lockdowns here.
The Duke of Westminster and the Grosvenor family are one of the wealthiest and most philanthropic in Britain, with a combined net worth of 10.05 billion pounds, according to the latest Sunday Times of London Rich List. Grosvenor said its Tenant Investment Fund has already supported the launch of JKS Restaurants’ latest venture, Bibi, on North Audley Street in Mayfair and Atis, a salad bar and bowl concept in Belgravia’s Eccleston Yards. Each company has also taken up Grosvenor’s “green lease,” with the aim of driving down carbon emissions on their premises.
At the time, Langthorne said he and Mouret both believe, “more so than ever, that e-commerce is extremely important for the Roland Mouret brand. Amazon offers a unique partnership and business model, backed up by cutting-edge technology and breathtaking logistics. They are also uniquely placed to connect the dots between e-commerce and entertainment in the luxury sector.”