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United Kingdom

Great Portland Estates PLC (GPOR.L)

GPOR.L on London Stock Exchange

654.50GBp
18 Jan 2018
Change (% chg)

-1.50 (-0.23%)
Prev Close
656.00
Open
658.00
Day's High
658.00
Day's Low
652.50
Volume
117,933
Avg. Vol
935,195
52-wk High
738.95
52-wk Low
582.00

Latest Key Developments (Source: Significant Developments)

Great Portland Estates Sells 240 Blackfriars Road, Se1​
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Great Portland Estates Plc ::‍GRP SELLS 240 BLACKFRIARS ROAD, SE1​.CO'S 50/50 JV EXCHANGED CONTRACTS TO SELL 240 BLACKFRIARS ROAD TO CLIENTS OF WOLFE ASSET MANAGEMENT LIMITED.‍DEAL'S HEADLINE PRICE OF £266.5 MILLION REFLECTS A NET INITIAL YIELD OF 3.94% AND A CAPITAL VALUE OF £1,176 PER SQ FT​.  Full Article

Great Portland Estates H1 ‍EPRA NAV per share of 813 pence​
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Great Portland Estates Plc :Interim dividend up 8.1 percent to 4 penceper share.H1 ‍portfolio valuation up 1.0% 2 (developments: up 1.6% )​.H1 ‍rental value growth of 0.7% 2 (0.5% offices, 1.7% retail); yield contraction of 4 bps​.H1 ‍total property return of 2.4%, with capital return of 1.0% v IPD Central London (quarterly index) of 2.9%​.H1 ‍EPRA NAV per share of 813 pence​.‍Upgraded rental value growth guidance for financial year: range now +1.5% to minus 2.5%​.‍Total accounting return of 2.6% over six months; interim dividend per share of 4.0 pence, up 8.1%​.  Full Article

Great Portland sees FY like-for-like rental values flat to down 7.5 pct
Wednesday, 24 May 2017 

May 24 (Reuters) - Great Portland Estates ::CEO forecasts FY rent values to be flat to down 7.5 percent on a like-for-like basis.CEO forecasts fy office rent values to be down 2.5 percent to 7.5 percent on a like-for-like basis.CEO says rental uncertainty still persisting in London market after Brexit vote.CEO says offering 3 additional months of rent-free periods as incentives to secure new tenants.FD says co gets 11 percent of rent roll from financial clients in London.  Full Article

Great Portland says to sell London property Rathbone Square
Friday, 10 Feb 2017 

Great Portland Estates Plc : Gpe sells rathbone square, w1 for £435 million and proposes to return profit of £110 million to shareholders . Sale to rathbone place jersey limited, an entity owned by westinvest gesellschaft für investmentfonds mbh and deka immobilien investment gmbh . Sale is expected to crystallise a whole-life capital return for gpe from entire development project of approximately £110.0 million . £110.0 million is proposed to be returned to shareholders by way of a special dividend . Following receipt of majority of sales proceeds, whole life surplus of approximately £110.0 million is proposed to be returned to shareholders . It is anticipated that this will be effected by way of a special dividend, which would be accompanied by a share consolidation .Gpe was advised on sale and proposed capital return by CBRE, GM Real Estate, Nabarro, BofA Merrill lynch, J.P. Morgan Cazenove and Lazard.  Full Article

Great Portland says Jonathan Nicholls to become Shaftesbury chairman
Wednesday, 25 May 2016 

Great Portland Estates Plc : Jonathan Nicholls will retire from board at 2016 annual general meeting on 7 July 2016 to become chairman of Shaftesbury Plc in Autumn 2016 . Charles Philipps will serve as acting senior independent director and acting chairman of audit committee from 7 July 2016 .Search for Nicholls replacement is underway.  Full Article

Great Portland Estates buys 73/77 Oxford Street Ltd
Wednesday, 25 May 2016 

Great Portland Estates Plc : Gpe acquires 73/77 Oxford Street Ltd .Has acquired entire issued share capital of 73/77 Oxford Street Ltd for £71.0 million.  Full Article

Great Portland full-year NAV/shr rises
Wednesday, 25 May 2016 

Great Portland Estates Plc : Portfolio valuation up 14.7% 1 in year (developments: 26.2% 1 ) and 3.9% 1 in h2 . Rental value growth of 9.9% 1 (10.6% offices, 7.7% retail); 2.6% 1 in h2 . Epra 2 nav per share of 847 pence (pre-sdlt increase: 857 pence), up 19.5% in year and 4.8% in H2 . Total capex to come at committed and near-term development schemes of £428 million, 52% in next 12 months . Global economic and political uncertainties, including upcoming eu referendum, are affecting broader business confidence and investor appetite - CEO .Fy pretax profit 555.1 million stg versus 507.4 million stg year ago.  Full Article