Grosvenor, a renowned international property owner and developer with over 70 years of experience in North America, has announced the retirement of their long-standing CIO Michael Beattie by the end of 2023. The company will be dividing his responsibilities between two highly qualified individuals – Angela Biggs and Mark Purdy. Both will be promoted to managing director positions based in San Francisco.
Biggs, who currently serves as SVP of investments at Grosvenor, will take on the role of managing director for investment. She brings more than 15 years’ worth of real estate industry experience to this position and will lead all acquisitions and dispositions for the company. Meanwhile, Purdy – also an SVP at Grosvenor – will become managing director for asset management where he’ll oversee all activities related to asset management across their North American portfolio while spearheading sustainability efforts.
Joining Grosvenor in 2019 after holding key roles at reputable companies such as Sares Regis Group, Vantage Data Centers,and Farallon Capital Management,Biggs is well-equipped with knowledge and expertise needed for her new role.Purdy,onthe other hand,having joinedGrosvenorsince2008andheldvariousrolesacrossbothUSandCanadianoperations,iswell-versedwiththecompany’soperationsandsuccessfultrackrecord.TheannouncementoftheirpromotionsmarksanexcitingnewchapterforGrosvenorasitcontinuestothriveintherealestateindustrywithoutitslong-timeCIOMichaelBeattieatthehelm.
