18th Mar 2026 10:45
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