11th Jun 2026 10:21
Great Portland Estates PLC - London-based office space developer and landlord - Secures 12 new fully managed leasing deals totalling over 41,000 square feet, providing GBP8.0 million in annual rent at an average of GBP195 per square foot. The transactions are completed at an average of 3.7% ahead of March estimated rental value, Great Portland says. This shows "continued pricing strength and sustained demand for GPE's high-quality, flexible workspace offer," it says. Looking ahead, the company says it is progressing on the next phase of its fully managed pipeline, including The Courtyard and The Howlett, both currently under construction and due to be completed in 2027.
Anthony Osho, head of Flex Customer Relationships at Great Portland Estates, says: "Securing over 41,000 square feet of lettings ahead of ERV since March, demonstrates both the strength of demand for our fully managed offer and the quality of our customer relationships. By consistently delivering for our customers, we're driving repeat business, rental growth and sustained momentum across the portfolio."
Current stock price: 315.80 pence each
12-month change: down 7.7%
By Tom Budszus, Alliance News slot editor
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