Google’s new 33-acre data centre in Hertfordshire Jan 22, 2024 Google has unveiled plans to broaden its data centre presence in the UK by establishing a fresh campus in Hertfordshire, situated just outside London. In a recent announcement, the tech behemoth shared news of commencing construction on a new facility spanning 33 acres in Waltham Cross, located to the north of London. In October 2020, […] Posted by: Mya Driver Read more
Government decarbonisation plans to drive down Lower Thames Crossing emissions by 80% Jul 18, 2022 A new forecast released by National Highways today (18 July 2022) shows that the government’s plans to decarbonise cars and goods vehicles would cut the 60-year forecast of carbon emissions from Lower Thames Crossing traffic by at least 80%. The Lower Thames Crossing is designed to improve journeys for tens of thousands of people who […] Posted by: Mya Driver Read more
Government funding to bring £3.5bn dockland neighbourhood to life Jul 5, 2022 Homes England will provide £233m of infrastructure loan funding to help bring forward a new £3.5bn neighbourhood at Silvertown in East London – one of the country’s most significant regeneration projects. Sitting within London’s only Enterprise Zone at the Royal Docks, the Silvertown site in Newham has been derelict for the last 40 years and […] Posted by: Mya Driver Read more
Government pledges £233 million infrastructure funding to bring dockland site back to life Sep 22, 2022 Homes England will provide £233m of infrastructure loan funding to bring to life a new £3.5bn neighbourhood at Silvertown, East London as part of one of the country’s most significant regeneration projects. Sitting within London’s only Enterprise Zone at the Royal Docks, the Silvertown site in Newham has been derelict for the last 40 years […] Posted by: Mya Driver Read more
GPE acquires London office asset for £19m Oct 29, 2024 Great Portland Estates plc (GPE) has announced it has exchanged on the acquisition of 19/23 Wells Street, W1, for £19 million (£991 per sq ft), from British Land plc. Located in the heart of Fitzrovia, the 19,182 sq ft building comprises basement, ground and five upper floors. GPE intends to convert the space to its […] Posted by: Mya Driver Read more
GPE announces the acquisition of the Soho Square Estate Aug 18, 2023 Great Portland Estates plc (GPE) is delighted to announce the acquisition of King Sloane Properties Limited (the Company), which owns the freehold interests at 16/19 Soho Square, 29/43 Oxford Street and 7 Falconberg Mews, W1, from Belgravia & Chelsea Property Services Limited. The cash consideration is based on a property value of £70 million (£772 […] Posted by: Mya Driver Read more
GPE prices new £250m 7-year Sustainable Bond Sep 19, 2024 Great Portland Estates plc (‘GPE’) announces the pricing of its first sterling denominated senior unsecured sustainable bond (the ‘Bond’). The £250m Bond will have a term of 7 years, will bear interest at a rate of 5.375% and is expected on issue to be rated Baa2 by Moody’s Investor Services Ltd. The Bond was over […] Posted by: Deividas Krupstas Read more
GPE Reports Sustained Leasing Activity and Significant Developments Across Key London Assets Oct 10, 2024 Toby Courtauld, Chief Executive, said: “We are pleased to have maintained our leasing momentum, delivering a strong quarter with £6.1 million of new lettings, bringing the total for the financial year to date to £10.5 million, 7.0% ahead of the valuer’s ERV, with our Fully Managed spaces outperforming once more. With £8.8 million of lettings […] Posted by: Deividas Krupstas Read more
GPE secures resolution to grant planning permission at Minerva House Jun 7, 2023 Great Portland Estates plc (GPE) announces that Southwark Council has resolved to grant planning permission for the high-quality redevelopment of Minerva House, SE1. The proposals, designed by Ben Adams Architects, are to re-use and extend the existing office building on the Southbank of the River Thames, which will be re-designed to meet GPE’s four strategic […] Posted by: Mya Driver Read more
GPE sells 50 Finsbury Square, EC2 for £190 million Oct 4, 2022 Great Portland Estates plc (GPE) has exchanged contracts on the sale of the freehold of 50 Finsbury Square, EC2 to a wholly owned subsidiary of Wirtgen Invest Holding GmbH, a private German family office. The headline price of £190.0 million (subject to adjustment for final building area and retail leasing) reflects a topped up net […] Posted by: Mya Driver Read more
GPE signs new £150 million ESG-linked Revolving Credit Facility Nov 11, 2024 Great Portland Estates plc (GPE) announces that it has signed a new £150 million ESG-linked unsecured revolving credit facility (RCF) at a headline margin of 90 basis points over SONIA. The facility has an initial three-year term which may be extended to a maximum of five years at GPE’s request, subject to bank consent. Alongside […] Posted by: Deividas Krupstas Read more
Grace Real Estate announces the acquisition of its second residential portfolio, located in thriving Central London location Mar 5, 2024 Grace Real Estate Partners (“Grace”), a real estate investment company, announced today its acquisition of a residential portfolio based in Zone 1, London. The purchase comprises 110 units of underutilised residential space alongside commercial and ancillary facilities. This is the second acquisition for the private real estate investment group, who in August 2023, completed its […] Posted by: Mya Driver Read more
