West End boosts Great Portland

Great Portland Estates yesterday said its portfolio rose by 3.3 per cent in value to £2.37bn in the second quarter as demand for office space in central London continued “unabated”. The developer, which owns swathes of property in the West End, saw its net asset value grow by four per cent to 464p per share in the three months to 30 June. It has generated new lettings worth £14.6m per year, including signing law firm Bird & Bird to its New Fetter Lane scheme.