Great Portland street looks South

PROPERTY developer Great Portland Estates (GPE) yesterday spent £60m to snap up office and residential building Minerva House, on the South Bank. The acquisition is the first since it raised £140.6m in a share placing last month. The six-storey block is leased to Ipsos Mori and Winkworth Sherwood. Rent totals £3.4m a year, with contracts due to run out in 2021 and 2022.