Great Portland Estates has made a further significant investment in London’s West End with the acquisition of a mixed-use commercial property for around £50 million, reinforcing its long-term commitment to the area and its value-add investment strategy.

The purchase forms part of GPE’s ongoing focus on acquiring well-located but improvable assets across the West End, Midtown and the City. The company specialises in office-led buildings with complementary ground-floor retail and mixed-use elements, targeting properties that can be repositioned through refurbishment, sustainability enhancements and active asset management.

In recent years, GPE has completed a series of similar-sized acquisitions designed to grow its pipeline of high-quality headquarters and fully managed buildings. These include the approximately £56 million purchase of One Chapel Place in W1 and the £58.5 million acquisition of Whittington House, both of which are being refurbished to deliver upgraded, sustainable workspace aligned with evolving occupier demand.

The latest deal supports GPE’s strategy of clustering assets in prime West End locations, often close to major transport hubs such as the Elizabeth line, where demand for best-in-class office and mixed-use space remains strong. Following refurbishment, such assets are expected to command premium rents and appeal to occupiers seeking flexible, energy-efficient buildings in central London.

The transaction also underlines continued institutional confidence in prime West End commercial property. While secondary office markets across the UK face ongoing uncertainty, investment activity of this nature highlights the resilience of core central London locations and the enduring appeal of high-quality, well-managed buildings.