West End landlord Great Portland reports robust leasing amid growth in tenant demand January 23, 2019 Fresh signs of strength in London’s leasing market emerged today, as listed property giant Great Portland Estates (GPE) posted rising rental values and low vacancy levels amid continued demand for office space in the capital. The West End landlord signed 16 new lettings totalling than 50,000 square feet in the quarter to the end of [...]
Great Portland Estates launches £200m share buyback, but warns it could be stopped by Brexit November 15, 2018 Great Portland Estates has launched a share buyback to return £200m to its shareholders, it said today. The property developer is set to repurchase 42m of its own shares over the next 12 months, in a deal backed by Merrill Lynch and JP Morgan Securities. The company said it had decided to re-invest £200m of [...]
Great Portland Estates sells off £65m building home to Ottolenghi’s new restaurant October 3, 2018 A West End property block home to Yotam Ottolenghi’s new flagship restaurant was snapped up by an overseas investor for £65m today. Read more: Soho House boss says second City of London venue has not been ruled out Great Portland Estates (GPE), a FTSE property developer, sold off 55 Wells Street to an undisclosed foreign buyer [...]
The Grosvenor Estate weighs up move to become a serviced office space provider September 13, 2018 It might be one of London’s oldest landlords, but the Grosvenor Estate is mulling a move into one of the property market’s newest trends. In a bid to cash in on the growing popularity of serviced office spaces, the Duke of Westminster’s Mayfair business confirmed it is weighing up the idea of challenging market giants such [...]
London’s property boom lifts value of Great Portland’s estate May 20, 2015 Great Portland Estates (GPE) yesterday reported an 18 per cent surge in the value of its portfolio over the year, thanks to London’s booming property market. The developer’s net asset value per share rose by 24.6 per cent to 709p over the year to 31 March while profit before tax was up 17.4 per cent [...]
Great Portland Estates and Aberdeen Asset Management sell £222m Wigmore Street office block April 27, 2015 Great Portland Estates and Aberdeen Asset Management have sold a huge office scheme at 95 Wigmore Street in London’s West End for £222.4m. The Wigmore Partnership, the companies’ joint venture, said yesterday that UBS Global Asset Management’s real estate business has bought 95 Wigmore Street near Bond Street station. The 98,800 square feet office block [...]
Great Portland Estates jumps in value thanks to West End property demand January 29, 2015 Great Portland Estates (GPE) yesterday posted a 5.2 per cent surge in the value of its property portfolio, thanks to London’s booming West End property market, despite increased uncertainty ahead of the upcoming general election. The FTSE 250 developer said the value of its estate was worth £3.07bn at 31 December, up £152.3m on the [...]
Great Portland Estates offloads 20 St James’s Street for £54.5m December 9, 2013 GREAT Portland Estates has sold a prime West End site between Piccadilly and St James’s Park to a German pension fund managed by US property investor Pramerica for £54.5m. Chief executive Toby Courtauld said yesterday that the group had originally planned to refurbish the building in 2015 to exploit the lack of new space in [...]