Strong London office market highlighted by Great Portland Estates
November 15, 2010
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.
