Great Portland Estates calls in lawyers to investigate culture Property Shares in Great Portland Estates (GPE) have recovered some losses this morning after reports surfaced of a whistleblower complaint about culture at the FTSE 250 office landlord over the weekend. GPE, which has a London office portfolio worth £2.9bn, has since called in lawyers to investigate the allegations in light of the complaint by a [...]
London broker upgrades landlord GPE on expected surge in prime office rents Property London broker Peel Hunt has upgraded the target share price for West End property giant Great Portland Estates (GPE) as high demand for best-in-class office space is set to push up prices. GPE’s share price was 342p as of the close on June 11, but Peel Hunt brokers have set a target price of 375p. [...]
London landlord GPE benefits from better investment conditions Property GPE, one of central London’s biggest listed landlords said that the capital’s favourable investment market, with improving economic conditions and falling interest rates, has allowed the firm to push ahead with its expansion plans. Great Portland Estate signed 15 new leases and renewals during the quarter to 30 September, generating annual rent of £6.1m, with market lettings on average 6.4 per [...]
‘Scarcity of high-quality space’ drives activity for West End London landlord GPE April 11, 2024 One of central London’s biggest listed landlords said a “scarcity of high quality space” helped drive leasing activity in the year to the end of March.
London landlord GPE sees strong leasing demand but CEO says planning regime ‘challenging’ January 23, 2024 One of central London's biggest listed landlords said it had delivered a "strong leasing quarter" but noted rising barriers in the market.
London ‘busier and busier’ as return to office gathers pace – but demand for flexible working remains May 24, 2023 Great Portland Estates, a leading landlord in office space said London has got “busier and busier,” but noted that it does not expect the the recovery of offices in the capital to be “uniform” as a demand for flexible working and best space remains. Throughout the year, the property firm recorded £55.5m of leasing, as [...]
Oxford Street to welcome fashion brand Reserved amid revamp of retail district November 24, 2022 London’s Oxford Street is welcoming a new retailer to the block, as fashion brand Reserved has signed up for its second London store. GPE, formerly Great Portland Estates and one of the biggest property leasers in the capital, has signed a letting with Reserved for a more than 19,600 square foot space, which is expected [...]
GPE injects £1.1bn into ‘starved’ London office market despite sinking values November 17, 2022 GPE, formerly known as Great Portland Estates, is continuing to inject £1.1bn into feeding a “starved” central London office market despite blows from rising interest rates. The London-listed firm, which yesterday secured a record leasing of the City’s 2 Aldermanbury Square to Clifford Chance, is one of the largest office leasers in the capital. However, [...]
West End landlord Great Portland Estates swings to loss as tourists and Londoners stay at home May 19, 2021 West End landlord Great Portland Estates slump as tourists and Londoners stay at home
London landlord Great Portland Estates confident capital will bounce back after Covid January 14, 2021 London commercial landlord Great Portland Estates reported that tenants have struggled to pay their rent due to the impact of lockdown measures on trading, but said the Covid-19 vaccination programme is the light at the end of the tunnel. December quarter rent collection was ahead of September levels, with Great Portland Estates receiving 77 per [...]