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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Great Portland Estates Plc | LSE:GPOR | London | Ordinary Share | GB00BF5H9P87 | ORD 15 5/19P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 735.50 | 739.50 | 740.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGPOR
RNS Number : 6295Q
Great Portland Estates PLC
01 December 2016
1 December 2016
GPE announces pair of Soho lettings
Great Portland Estates plc ("GPE") announces that it has let a further 25,200 sq. ft. of office space in its recently completed development at 30 Broadwick Street, W1.
The 10,600 sq. ft. fifth floor has been let to pre-eminent UK gaming company Jagex Limited, while the 14,600 sq. ft. second floor has been let to BCG Digital Ventures, a corporate innovation, incubation and investment arm of The Boston Consulting Group. The pair of lettings equate to a cumulative rent of GBP2,416,090 per annum, which is 3.3% ahead of the March 2016 ERV.
These two tenants join European private equity business, EQT, who pre-let the third floor earlier this year, which leaves 34,900 sq, ft. available on the first, fourth and sixth floors to let. The 92,300 sq. ft. development also includes 7,950 sq. ft. of restaurant space which was pre-let to the Ivy Soho Brasserie and 9,000 sq. ft. of retail, which is all currently under offer.
Commenting on these lettings, Neil Thompson, Executive Director of GPE said, "We are delighted to build on our recent leasing success with two further high quality endorsements of this excellent Soho development. Despite only completing the building this month, we have already secured over 55% of the scheme's gross development value - a figure we expect to improve on in the near future."
Contacts: Great Portland Estates plc Toby Courtauld, Chief Executive +44 (0) 20 7647 3042 Neil Thompson, Executive Director +44 (0) 20 7647 3029 Finsbury Group James Murgatroyd +44 (0) 20 7251 3801 Gordon Simpson +44 (0) 20 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
December 01, 2016 02:00 ET (07:00 GMT)
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