Great Portland Estates PLC - London-based property developer - Chief Financial Officer Jayne Cottam purchases 32,330 shares, at GBP3.09, worth GBP100,039, on Tuesday in London. Read More
Great Portland Estates PLC - London-based office building developer and landlord - Completes headlease and development agreements with Evelyn Estate trustees to refurbish two buildings at Gresse Street and Rathbone Place in London's Fitzrovia district, which it says will provide 42,800 square feet of workspace across five floors. Headlease extends the term by 20 years with expiry in 2148. The properties will form part of GPE's Flex offer, which covers 660,000 square feet or around 30% of its portfolio, and will be rebranded as The Howlett. Westminster City Council granted planning consent in September, and GPE expects to complete works by early 2027. "This commitment builds on strong leasing momentum across our fully managed portfolio, with 148,900 [square feet] of space let or under offer so far this financial year, amounting to GBP35.4 million of annual rent, 7.8% ahead of [estimated rental value]," GPE says. Read More
(Alliance News) - Great Portland Estates PLC on Monday said it has agreed to sell the 'wells&more' building at 45 Mortimer Street in central London for GBP172 million. Read More
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
Great Portland Estates PLC - London-based office building developer and landlord - Says all 28,700 square feet of fully managed space, in phase one of the repositioning of its City Tower asset, is now fully let or under offer. Expects lettings to deliver GBP5.3 million in annual rent at an average of GBP186 per square foot, which represents a 6.6% beat to the estimated rental value as of March last year. Says the second phase, covering another 19,900 square feet, is scheduled to launch next month. "In total, 48,800 sq ft, representing around half of the 21 storey building, will have been converted to our fully managed offer," Great Portland says. Adds that the upcoming launch of the next phase of office conversions marks a significant step in City Tower's repositioning into a best-in-class, fully managed asset. Also, Great Portland's adjacent 2 Aldermanbury Square development, which it has pre-let to international law firm Clifford Chance. Expects to complete the deal this month. Read More
Great Portland Estates PLC - London-based office building developer and landlord - Pre-lets 52,293 square feet at The Delft in London to Quantexa, which provides data, analytics, and AI software services through its Decision Intelligence platform. The Delft, an office development formerly named Minerva House near the River Thames and London Bridge, "will deliver 143,100 sq ft of best‑in‑class HQ workspace in spring 2027". Great Portland says Quantexa has agreed a 10-year lease to occupy the eastern ground and first floors and the fifth, sixth and seventh floors. Read More
Great Portland Estates PLC - London-based office building developer and landlord - Appoints Peter Duffy as a non-executive director, effective from March 2. Duffy is currently the chief executive officer of Mony Group PLC, following his appointment in September 2020. He was previously CEO of Just Eat from 2019 to 2020, chief commercial officer of easyJet PLC from 2011 to 2018, and a non-executive director at Close Brothers Group PLC from 2019 to 2024, and has also held "a number of senior commercial roles" at Barclays PLC. Read More
Great Portland Estates PLC - London-based office building developer and landlord - Says Vanta Inc, a San Francisco, California-headquartered security and compliance software provider, increases its office space at GPE's Kent House in the Fitzrovia area of London's West End. Vanta expands fully managed workspace to more than 11,000 square feet from 7,500. Kent House has 59,300 square feet of space in total after a recent refurbishment, GPE says. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
Great Portland Estates PLC - London-based commercial real estate developer and landlord - Recruits Jayne Cottam, the former chief financial officer of Assura PLC, to be its new CEO, starting March 16. Cottam was CFO of the property developer from 2017 until the end of last year. Assura was taken over by peer Primary Health Properties PLC, with its shares de-listed from London in October. At Great Portland Estates, Cottam replaces Nick Sanderson, who leaves as chief financial & operating officer on January 30 for real estate advisory Savills PLC. Read More
Great Portland Estates PLC - London-based commercial real estate developer and landlord - Signs 17 new leases and renewals in the three months that ended December 31, the company's financial third quarter, generating annual rent of GBP8.9 million, of which GBP8.5 million is its share. Great Portland says market lettings are 9.1% ahead of March 2025 estimated rental value. Within this, the GBP7.3 million in managed office leases are 8.3% ahead of ERV, and the GBP1.6 million of retail leases are 12% ahead. For the first nine months of Great Portland's financial year, which ends March 31, 60 new leases are signed for GBP46.5 million in annual rent, with GBP45.4 million as the company's share. These are 7.5% ahead of ERV, with offices 7.4% ahead and retail 8.8% ahead. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - Stock prices in London opened lower on Wednesday, as the FTSE 100 retreated from a record high, as oil firms BP and Shell weighed on the blue-chip index. Read More
Great Portland Estates PLC - London-based commercial real estate developer and landlord - Acquires new 155-year leasehold interest in 10 South Crescent, WC1 for GBP51 million or GBP708 per square foot on the current net internal area. Says the price reflects a 6.8% net yield and projected 7.1% running yield once the vacant retail unit is let. The property "will be repositioned to create a best-in-class, decarbonised HQ office and retail building, with premium amenities and enlarged roof terraces," Great Portland says. Adds that the offices are single-let for four years "at a highly reversionary rent" of GBP67 per square foot. It joins an existing group of Great Portland Estates buildings around Alfred Place, providing "a high-quality mix of Grade A HQ and fully managed space in an amenity-rich West End location." Read More
(Alliance News) - Reckitt Benckiser proposes a GBP1.6 billion special dividend, Great Portland Estates buys a long-term central London lease and Topps Tiles reports higher sales. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - Great Portland Estates PLC on Tuesday reported profit and revenue growth, as the company hailed its leasing performance in the first half. Read More
(Alliance News) - Great Portland Estates PLC on Monday said it has secured planning permission to refurbish one of its West End assets. Read More