Grosvenor Fund Management (GFM) has extended the life of the Grosvenor London Office Fund (GLOF) by five years to 2017, following a vote by investors.

The £400 mln (EUR 471 mln) core-risk fund provides investors with a strategic allocation to prime high quality central London office assets.

Announcing the extension, Mervyn Howard, UK Fund Management Director, said: 'GLOF has out-performed its IPD benchmark since its inception in 1999, and the investors' decision to extend shows a continued belief both in London as an investment location and in GFM as a specialist fund and asset manager in the central London offices sector. We are now in a position to introduce new investors into the fund and make further investments.'