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54 The Grosvenor family started building Grosvenor Square in the 1720s but leased the houses instead of selling — 99 years at a time — so London’s priciest homes quietly return to the family that owns the ground beneath them

Silicon Canals
Silicon Canals Editorial Team @ Silicon Canals 3 place · today 03:33 EDT

The Grosvenor family started building Grosvenor Square in the 1720s but leased the houses instead of selling — 99 years at a time — so London’s priciest homes quietly return to the family that owns the ground beneath them

How the Grosvenor family used a 300-year-old leasehold trick to keep the ground beneath London's most expensive addresses — and got the houses back, one 99-year lease at a time.

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