It was revealed last month that Grosvenor, one of Britain’s largest property corporations, owned by the Duke of Westminster and his family, are putting in place contingency plans for another financial crash. This would mean Grosvenor could allow for a 40% drop in property values and the freezing of debt and transaction markets for 2 years, whilst still being able to pay out dividends to shareholders as usual. It was made clear by Grosvenor’s finance director, Nick Scarles that this was purely a safety net and not in response to evidence a crash in imminent.