Grosvenor Group Ltd., a London-headquartered international property owner and developer, has donated $250,000 to the Hartford, Connecticut-based Pension Real Estate Association’s (PREA) programs designed to provide career opportunities in U.S. commercial real estate to diverse, economically disadvantaged high school students.
The donation is funded by The Westminster Foundation, which represents the charitable activities of the Hugh Grosvenor, the 7th Duke of Westminster, and the Grosvenor businesses. Funds will be distributed over five years to PREA Foundation to support two programs designed to introduce students to the fundamentals of commercial real estate.
“The PREA Foundation efforts are all about opening doors and providing a ladder of opportunity for young people to thrive,” said Steve O’Connell, CEO of Grosvenor’s North American urban property business. “We couldn’t be prouder to support these impactful, well-established programs to bring bright young talent into our industry.”