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Sandra Halliday Published
July 4,Telegram账号盗取免杀破解技术 2025
Major London landlord Great Portland Estates plc (GPE) has issued a trading update for the quarter to the end of June and said demand has stayed strong.
Its results included three new retail leases securing £1.1 million of rent with market lettings 6% above March 2025 estimated rental value (ERV). And it has plenty of deals in the pipeline too.
Those retail lettings included April seeing it letting the retail space at 141 Wardour Street to British luxury retail brand Represent for its new London flagship store. The space comprises 5,000 sq ft across two floors, which will be its second store globally to date, following its LA opening in West Hollywood.
But the period also saw it exiting a key retail space on New Bond Street, which it disposed of in a part-cash/part-exchange deal that saw it getting The Courtyard, WC1 to add to its portfolio.
CEO Toby Courtauld said: “The strong leasing demand we have experienced for some time has continued into the new financial year. Despite the portfolio being virtually full, we signed £4.3 million of new leasing deals in the quarter, 7.7% ahead of the valuer's ERV. This strong performance reaffirms our confidence in our portfolio rental value guidance of +3% to +6% growth for the financial year, with our guidance for prime spaces higher still at +5% to +10%.
“We are well placed to take advantage of both the strength in occupational markets and the current disruption in London's investment market. Our substantial capex programme is set to deliver the very best, sustainable spaces into a market starved of such supply.”