Duke of Westminster-owned for-profit gets RSH approval after 16-month process

It is aiming to provide “more than” 750 homes, coupled with support services, in Chester and central London – backed by “significant investments”.

At the time of its launch, Social Housing understood that GHH did not expect to be profit-making in its first five years, but if there was profit it would be reinvested.

Beyond this, GHH is expected to invest at least between 20 per cent and 50 per cent of its profits.

Since its launch, GHH said it has completed the refurbishment of 29 homes and a dedicated community facility in Chester city centre.

The organisation said it has started supporting “vulnerable children, young people and their families” with a home and “tailored” support services. This has come about through a partnership with Cheshire West and Chester Council, the group said.

Ms Keenan added: “As we continue to pilot and iterate our approach, I am especially proud of the early feedback we are receiving from our tenants and the emerging benefits our unique model is starting to deliver.”

GHH’s first-stage application with the RSH was submitted in February last year and the second stage in August. The firm was first incorporated at Companies House in February 2022. 

The company is named after Hart Street in Mayfair, which is the location of some of the first social housing the wider Grosvenor Group created.

The Grosvenor Group, owned by the Duke of Westminster and his family, is a global property empire with assets in Europe, Asia and North America, and investments in food and agricultural technology companies. 

It is widely known for its core asset, the Grosvenor Estate in central London, which covers parts of Mayfair and Belgravia. 

In the 2024 Sunday Times Rich List, the Duke of Westminster was ranked 15th with an estimated fortune of around £10bn.