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Grosvenor sells £96m Mayfair gem

Shaftesbury Asset Management Group has agreed a deal to buy the long leasehold interest in 20 Grosvenor Street, W1, from Grosvenor Britain & Ireland for £96m, CoStar News can reveal.
By James Buckley
June 13, 2016 | 6:57 P.M.

Grosvenor, advised by Knight Frank, has sold the 125-year leasehold interest in the newly redeveloped Mayfair property to a private client of Shaftesbury Asset Management Group, an independent European real estate investment, fund and asset management firm. The group is a subsidiary of Shaftesbury International Holdings (SIH).

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