IN BRIEF: Great Portland Estates hails "exceptional leasing year"
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