Termination of Interest Rate Derivatives

27th May 2009 07:00



 

Termination of interest rate derivatives

Great Portland Estates plc ("GPE") announces that it has terminated £190 million of interest rate derivatives at a cost of £18.2 million. The transaction results in a reduction in the weighted average interest rate from 5.2% to 2.9% on current GPE net debt levels.

Contacts:

Great Portland Estates plc 

Timon Drakesmith  0207 647 3000

Martin Leighton 

Finsbury 

James Murgatroyd 020 7251 3801

Gordon Simpson

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