Great Portland Estates secures GBP9million in leasing deals in quarter

(Alliance News) - Great Portland Estates PLC on Wednesday reinforced its positive outlook, ...

Alliance News 22 January, 2025 | 10:21AM
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(Alliance News) - Great Portland Estates PLC on Wednesday reinforced its positive outlook, following a strong leasing quarter.

Great Portland Estates is a commercial property company based in London.

The company said it secured GBP9 million in new leasing deals in the quarter ended December 31, 16% ahead of the valuer's estimated rental value.

In total, 43 new leases and renewals have been signed during the financial year to date, bringing total leasing to GBP19.5 million, 11.5% ahead of ERV.

Of this, Great Portland Estates receives GBP13.5 million.

Great Portland Estates celebrated significant leases with beer, cider and pub company, Heineken UK, and media company, Independent Television News Limited, during the period.

Looking ahead, Chief Executive Toby Courtauld said: "Whilst current macro-economic conditions are volatile, Great Portland Estates' outlook remains positive."

Great Portland shares were down 0.4% at 274.05 pence each in London on Wednesday morning.

By Lydia Doye, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Great Portland Estates PLC 274.50 GBX -0.18 -

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