Grosvenor signed 62 new leases across its Mayfair and Belgravia portfolio in H1 2025, generating £11.7m of rent circa 5.5% ahead of ERVs.
In a trading update, the company reported a 97.5% portfolio-wide occupancy rate with retail and leisure voids standing at 4.5% and office voids at 0.7%.
Circa 70% of leases by volume were signed by retail and leisure occupiers – a 10% year-on-year increase – with recent additions to Grosvenor’s portfolio including Adam Lippes, Melanie Grant, Fueguia 1833, Barnaby Bars and Automat.
Amelia Bright, executive director, London estate, at Grosvenor, said: “Our H1 leasing performance highlights the enduring appeal of our places, a clear endorsement of our long-term, place-led approach. Through continuous investment and active stewardship, we’re creating high-quality neighbourhoods that enhance the vibrancy of this important part of the London, supporting local communities, and delivering lasting value.
“With the West End generating 3% of the nation’s economic output, this investment is an essential part of maintaining its enduring appeal to a national and international audience.”
