IN BRIEF: GPE reports strong demand for fully managed spaces
Great Portland Estates PLC - London-based office building developer and landlord - Says it has inked 16 fully managed deals so far in 2026, with these deals set to secure GBP9.1 million of annual rent, at an average price of GBP236 per square foot. Notes that this is 9.7% ahead of estimated rental value and will generates a 74% cash flow beat to equivalent traditional Ready to Fit leases. Says the new lettings span 38,400 square feet, and include five customer renewals, one customer expanding their workspace, and 10 new customers. Adds that fully managed leasing for the financial year rises to 50 deals, covering 148,900 square feet and securing GBP35.4 million in annual rent, 7.8% ahead of ERV. Read More