Grosvenor is a privately owned property group with offices across the world’s main property markets. Its six regional and international businesses, covering development, investment and fund management, had total assets under management as at 31 December 2007 of £12.9 billion (ÄTK billion). Drew Campbell, senior editor at Institutional Real Estate, Inc., recently talked with Grosvenor’s Béatrice Guedj, head of research, continental Europe, about the potential impact on property markets of the ongoing turmoil in the world’s financial markets. Guedj is based in Paris and is responsible for both economic and property market research in Belgium, France, Italy, Portugal and Spain. [This job description explains why Guedj does not discuss developments in the United Kingdom, arguably the European market displaying the mo