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GROSVENOR AMERICAS REORGANIZES SENIOR MANAGEMENT, PROMOTING SIX

Property development and investment company Grosvenor Americas has made changes to its senior management team, promoting six executives located in the Company’s Vancouver, Calgary, and Washington, DC offices.

Now in its 61st year in North America, Grosvenor Americas has $2.4 billion of assets under management in Vancouver, Calgary, San Francisco, Washington, DC and other cities.  

This reorganization provides stronger oversight of our extensive development pipeline, improves our partner relationships and supports our expanding Co-Investment Lending Programme,” said Andrew Bibby, Chief Executive, Grosvenor Americas.

Ryan Beechinor has been promoted to the newly created position of Chief Operating Officer, responsible for the company’s day-to-day operations in North America. He formerly served as Chief Development Officer. Mr. Beechinor is based in Vancouver.

James Delmotte will assume the newly created position of Chief Co-Investment Officer. Mr. Delmotte, who served previously as Senior Vice President of Equity and Lending, will be responsible for establishing and maintaining relationships with Grosvenor’s co-investors and for expanding the Company’s Co-Investment Lending Programme.

James Patillo has been promoted to Chief Development Officer, overseeing the Company's development activities throughout the U.S.A. and Canada. He previously served as Senior Vice President & General Manager, Vancouver/Calgary.

Michael Ward has been promoted from Vice President, Development to Senior Vice President, Development and General Manager of Grosvenor’sVancouver office. He will lead Grosvenor’s development teams in Vancouver and Calgary.

Scott Brody has been promoted from Vice President, Investment to Senior Vice President. He will continue to serve as General Manager of Grosvenor’s Washington, DC office, work on the investment team, and will have responsibility for mezzanine lending activities in the Washington market.

Mark Purdy, currently Vice President, Investment, will serve as General Manager of the Calgary office, overseeing daily operations.

 About Grosvenor

Grosvenor is a privately-owned property group, active in some of the world’s most dynamic cities. Our future success is tied to the sustainable growth of the cities in which we have a presence. We have a vested interest in the future shape of the urban landscape and aim to help create and manage attractive and vibrant cities in which people choose to live and work.

Today we have 17 offices in 11 countries and assets in 16 countries. We have regional investment & development businesses in Britain & Ireland, the Americas and Asia Pacific. Our international fund management business operates across all these markets and also Continental Europe. We also have indirect investments, managed centrally. As at 31 December 2013, the Group had total assets under management of £11.8bn. Unusually for a private company, Grosvenor publishes a detailed reporting suite - Annual Review, Financial Statements, Environment Data and index of sustainability reporting under the GRI initiative - available at: www.grosvenor.com 

About Grosvenor Americas

Grosvenor Americas aims to become a market leader in select geographical areas and sectors in Canada and the USA through focused, strategic expansion. We use our knowledge of the cities we work in and our property skills to develop projects that contribute to the vibrancy of those communities. As at December 31, 2013, Grosvenor Americas had assets under management of $2.4 billion.