GROSVENOR AMERICAS APPOINTS STEVE O'CONNELL DEVELOPMENT MANAGER, SAN FRANCISCO

Grosvenor Americas has appointed Steve O'Connell to the position of Development Manager in the company's San Francisco, CA headquarters office.

As Development Manager, Mr. O'Connell's responsibilities include managing the development process from property identification and purchase through design, entitlement, construction, leasing, and stabilization.

With 14 years of experience in engineering and commercial construction management, Mr. O'Connell is now completing his MBA at the University of California Berkeley's Haas School of Business with a Real Estate and Finance focus. Prior to joining Grosvenor, he spent 11 years with Swinerton Builders in San Francisco as a construction project manager on large urban mixed-use projects.

Mr. O'Connell holds a Bachelor of Engineering from McGill University, is a LEED Accredited Professional, and is a member of both The Urban Land Institute (ULI) and the National Association of Industrial and Office Properties (NAIOP).

Grosvenor is a privately owned property group with offices in 17 of the world's most dynamic cities. It has four regional investment and development businesses in Britain & Ireland, the Americas, Australia and Asia Pacific; an international fund management business, which operates across these markets and in continental Europe; and a portfolio of indirect investments. As of December 31, 2010, these six businesses had total assets under management of US$17.1bn. Unusual for a private company, Grosvenor publishes a full Annual Report & Accounts, available at www.grosvenor.com.