Grosvenor hires Euro chief from Fortress to grow development activities

The London-based real estate real estate investment and fund management firm has hired Craig McWilliam from Fortress as it seeks to expand its UK real estate development exposure.

Grosvenor, the London-based international property group, has appointed Craig McWilliam as an executive director of its Britain and Ireland team in charge of development activities outside ts core portfolio in the Mayfair and Belgravia areas of London.

The firm, which has $12.6 billion in assets under management worldwide, is keen to expand its development activities in the “medium sized retail and residential” sectors in London, the south east of the England and other “affluent” areas across the UK.

McWilliam was a managing director at Fortress Investment Group, where he was responsible for areas such as investor relations, capital raising, deal analysis, acquisitions and disposals of both assets and companies as well asset management.

He replaces John Irvine, who is to retire after more than 20 years with the company.

He spent approximately a decade with Fortress in which time he oversaw Fortress’s investments in real estate companies. Mapeley and Eurocastle. In addition to working for Fortress, McWilliam also previously worked for European real estate firm, Rodamco, advisory firm Warburg Dillon Read and property services firm Chesterton.

Grosvenor is the real estate business of the Duke of Westminster, and currently manages development schemes in Cambridge and Edinburgh as well as in London.