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Grosvenor invests in new headquarters in York PDF Print E-mail
Thursday, 30 April 2015

Specialist York IFA Grosvenor Financial Consultants is celebrating a new chapter in the firm’s growth with a move to a new head office on Amy Johnson Way at Clifton Moor in the city.

Following an extensive six-month refurbishment, the 5,500 sq ft offices have been refitted to create high quality, contemporary accommodation for the firm’s 12-strong team.  As well as undergoing a comprehensive interior refit, the exterior of the building, Pavilion 2000, has also been modernised.
 
“Our relocation is a demonstration of our belief in the strength of business in York and also a reflection of the quality of our client base,” said Mark Pepper, director of Grosvenor. “The firm has come a long way since its launch 15 years ago and the move marks a new chapter for us with space to grow and to welcome clients to come and see us in comfortable, modern surroundings.”
 
Founded by Mr Pepper, Grosvenor has established a new type of commercial lending fund backed by clients’ pensions, which has seen over £27m lent in the past year on high profile projects, and over £47m since the first loan was made in 2009.
 
Mr Pepper is believed to be the first IFA in the UK to have developed the innovative pension lending platform, following extensive work with HMRC and pension law experts.
 
The tax efficient system enables private and company pension pots to be lent commercially against secured investments, typically commercial property developments that require funding for building work, and pays an average interest rate to clients of around 9 per cent.
 
The loans include a £3.45m investment in Leeds-based Prospect Property Group’s new environmentally sustainable office scheme which is under construction at Doncaster International Business Park next to Robin Hood Airport.
 
Mr Pepper is also a former director of Yorkshire Carnegie Rugby Club and jointly heads the York-based corporate events company Sporting Connexions, which runs charitable events including the annual York Sportsman’s Lunch.  
 
Grosvenor has moved to its new Clifton Moor offices from smaller premises on Swinegate in York city centre.

(Source - Grosvenor Press Release)
 

 

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