The strength of the central London commercial property market was highlighted by Great Portland Estates in it’s latest half-yearly
results.

Led by the highly regarded Toby Courtauld, GPE posted an 11% rise in it’s net asset value to 314p in the six months to 30 September. Portfolio value increased 7.3% to £1.46 billion and rents grew by 5.1%.

Buoyed by this performance, the central London offices REIT plans to step up it’s development programme. It has four schemes currently under way and seven more could start next year.