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
Grainger and TfL partnership get green light for residential led scheme Feb 7, 2022 Connected Living London (CLL) – the formal partnership between Grainger plc and Transport for London (TfL) – has been given the green light by Enfield Council to bring forward its new development by Cockfosters London Underground station, subject to conditions. The 1.36 hectare development will deliver 351 new rental homes, including 40 per cent affordable […] Posted by: Mya Driver Read more
Gravesham community investment programme to deliver regeneration and new homes Nov 3, 2022 Award-winning housebuilder The Hill Group and Gravesham Borough Council have announced a strategic joint venture partnership to bring long-term investment and create new homes and amenities for the local community. The Gravesham Community Investment Partnership will support the council in achieving its new build programme to deliver hundreds of affordable homes across the borough. Schemes […] Posted by: Mya Driver Read more
Great Portland Estates acquires £59m West End asset for refurbishment scheme Nov 11, 2024 Great Portland Estates plc (GPE) is delighted to announce the acquisition of the special purpose company holding the long leasehold interest of Whittington House, WC1 for a total consideration of £58.5 million (£785 per sq ft on current NIA), subject to further balance sheet adjustment post completion. The building is currently let on a short-term […] Posted by: Deividas Krupstas Read more
Great Portland Estates plc Announces Half-Year Results Nov 14, 2024 Great Portland Estates plc (GPE) today announced its results for the six months ended 30 September 2024, reporting a period of significant strategic progress and continued resilience amidst challenging market conditions. The company has leveraged its robust financial position to embark on a series of acquisitions, enhanced leasing results, and strengthened its development pipeline, all […] Posted by: Deividas Krupstas Read more
Great Portland Estates splashes £36.5m on London assets Mar 30, 2022 GPE is delighted to announce the acquisition of the long leasehold interest at 7/15 Gresse Street and 12/13 Rathbone Place, W1, for £36.5m (£847psf, 5.6% NIY). The building has been home to the Fashion Retail Academy since 2005, which will remain in occupation until the precise timing for its relocation to a larger new home […] Posted by: Mya Driver Read more
Green light given for 487 co-living homes in Abbey Wood Oct 10, 2024 Abbey Wood Property Developer has successfully obtained planning approval for a landmark co-living development located on Eynsham Drive, Abbey Wood, Greenwich. The project will deliver 487 co-living homes, a range of modern amenities, and enhancements to the local community infrastructure. The approved scheme includes: The development, comprising multiple blocks ranging from 3 to 17 storeys, […] Posted by: Deividas Krupstas Read more
Greycoat Acquires Landmark Office Building in London for £180 Million Nov 1, 2024 Greycoat, a leading full-service independent property partner, has successfully acquired the flagship office building at 90 High Holborn, WC1, from LabTech Investments Limited in a transaction valued at £180 million. This acquisition represents one of the most significant office investment deals in the UK for the year. Strategically situated in the heart of London’s Midtown, […] Posted by: Mya Driver Read more
