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July 20, 2017

Third-gen building firm leaves the family; Grosvenor build for ‘Generation Rent’; and Schillings hires three new partners

 

Third-gen building firm leaves the family

A US construction firm founded in 1925 has passed into the hands of its first non-family owner.

But the man taking the reins at Pennsylvania’s Mowery, David Cross, is no stranger to the business having been involved with it for more than 30 years. He was made president in 2015 as part of former third generation owner Don Mowery’s succession plan.

August 10, 2016

The Duke of Westminster, the patriarch of one of the United Kingdom’s wealthiest family businesses, has died of a heart attack.

The Duke of Westminster, the patriarch of one of the United Kingdom’s wealthiest family businesses, has died of a heart attack.

The Duke, Gerald Cavendish Grosvenor, died yesterday afternoon at Preston Royal Infirmary. He was aged 64.

He was taken there from the Abbeystead Estate in Lancashire where he had suddenly taken ill, the property group Grosvenor announced.

“His family are all aware and they ask for privacy and understanding at this very difficult time, the statement said.

January 19, 2011

Privately owned property company Grosvenor, has appointed Jeffrey Weingarten as the new chief executive of Grosvenor Fund Management, succeeding outgoing Stuart Beevor.

Privately owned property company Grosvenor, has appointed Jeffrey Weingarten as the new chief executive of Grosvenor Fund Management, succeeding outgoing Stuart Beevor.

Previously a consultant to the business, Weingarten (pictured) joined the company as non-executive chairman in September 2010. Between 1991 and 1995, he had served as the US chief investment officer at Goldman Sachs Asset Management. Outgoing Stuart Beevor joined Grosvenor in 2002, and was involved in the formal establishment of the GFM in 2005.

April 19, 2010

Exor, the holding company of Italy’s Agnelli dynasty, has announced that it plans to invest €100 million in Almacantar, a new company specialising in the commercial property market.

Exor, the holding company of Italy's Agnelli dynasty, has announced that it plans to invest €100 million in Almacantar, a new company specialising in the commercial property market.

Founded by Mike Hussey and Neil Jones, two real estate professionals who have previously worked for Land Securities Plc and Grosvenor respectively, Almacantar aims to capitalise on commercial real estate investment and development opportunities, primarily in the market for offices in London and Paris.

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