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United Kingdom

Great Portland Estates PLC (GPOR.L)

GPOR.L on London Stock Exchange

699.20GBp
11:14am BST
Change (% chg)

-3.50 (-0.50%)
Prev Close
702.70
Open
704.60
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706.20
Day's Low
697.70
Volume
96,655
Avg. Vol
858,506
52-wk High
805.04
52-wk Low
650.90

Latest Key Developments (Source: Significant Developments)

Great Portland Estate Sells 27/35 Mortimer Street
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Great Portland Estates PLC ::MORTIMER ST SALE.SOLD 27/35 MORTIMER STREET, W1 FOR £38.5 MILLION TO ORCHARD STREET INVESTMENT MANAGEMENT ON BEHALF OF ST JAMES'S PLACE UK PLC.SALE OF 27/35 MORTIMER STREET IS MARGINALLY AHEAD OF MARCH 2018 BOOK VALUE.  Full Article

Great Portland Sells 55 Wells Street, W1 For Headline Price Of 65.46 Mln Stg
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Great Portland Estates PLC ::HAS EXCHANGED CONTRACTS TO SELL 55 WELLS STREET, W1 TO AN OVERSEAS INVESTOR FOR A HEADLINE SALE PRICE OF £65.46 MILLION.SALE EQUATES TO £64.60 MILLION AFTER DEDUCTION OF TENANTS' INCENTIVES AND VENDOR TOP UPS.HEADLINE PRICE FOR PROPERTY SALE REFLECTS A NET INITIAL YIELD OF 3.99% AND A CAPITAL VALUE OF £1,674 PER SQ FT.  Full Article

Great Portland Sees Sustained Demand For Space From Occupiers
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Great Portland Estates PLC ::DURING QUARTER TO 30 SEPTEMBER 2018 SIGNED 24 NEW LETTINGS ACROSS 90,000 SQ FT, ANNUAL RENT OF £5.3 MILLION (GPE SHARE: £4.4 MILLION).QUARTERLY MARKET LETTINGS 6.5% AHEAD OF MARCH 2018 ERV.SIGNED 135,400 SQ FT OF NEW LETTINGS SINCE START OF FY GENERATING A COMBINED ANNUAL RENT OF £8.1 MILLION (GPE SHARE: £6.3 MILLION).CONTINUE TO SEE SUSTAINED OCCUPIER DEMAND FOR SPACE, LEASING AHEAD OF VALUER'S ERV AND CAPTURING PORTFOLIO REVERSION.  Full Article

Great Portland Appoints Richard Mully Chairman
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Great Portland Estates PLC ::GREAT PORTLAND ESTATES PLC - APPOINTMENT OF CHAIRMAN.GREAT PORTLAND ESTATES PLC - ANNOUNCES APPOINTMENT OF RICHARD MULLY AS NON-EXECUTIVE CHAIRMAN WITH EFFECT FROM 1 FEBRUARY 2019.GREAT PORTLAND ESTATES PLC - RICHARD MULLY WILL SUCCEED MARTIN SCICLUNA WHO WILL RETIRE FROM BOARD ON 31 JANUARY 2019.  Full Article

Great Portland Estates Says 11 New Lettings Signed In Quarter Ended June
Thursday, 5 Jul 2018 

July 5 (Reuters) - Great Portland Estates PLC ::GREAT PORTLAND ESTATES PLC - 11 NEW LETTINGS (41,700 SQ FT) SIGNED GENERATING ANNUAL RENT OF £2.5 MILLION (OUR SHARE: £1.6 MILLION) IN QUARTER TO 30 JUNE 2018.GREAT PORTLAND ESTATES PLC - VACANCY RATE OF 6.3% (FALLING TO 4.6% IF WE CONVERT ALL INVESTMENT LETTINGS UNDER OFFER) IN QUARTER TO 30 JUNE 2018.  Full Article

Great Portland Estates reports FY EPRA NAV per share of 845 pence
Wednesday, 23 May 2018 

May 23 (Reuters) - Great Portland Estates PLC ::FY PRETAX PROFIT 76.7 MILLION STG VERSUS -140.2 MILLION STG LOSS YEAR AGO.FINAL DIVIDEND UP 14.1 PERCENT TO 7.3 PENCEPER SHARE.FY TOTAL DIVIDENDS PER SHARE OF 11.3 PENCE (2017: 10.1 PENCE), UP 11.9%, WITH FINAL DIVIDEND OF 7.3 PENCE, UP 14.1%.GREAT PORTLAND ESTATES - EXPECT SOFTENING IN MARKET RENTS, SOME SECONDARY ASSET YIELDS, OCCUPIER DEMAND REMAINS HEALTHY ACROSS RETAIL AND OFFICE PORTFOLIO.FY EPRA NAV PER SHARE OF 845 PENCE, UP 5.8% IN YEAR.SEES RENTAL VALUE GROWTH GUIDANCE FOR NEW FINANCIAL YEAR: RANGE OF +1.0% TO -2.5.FY VACANCY RATE OF 4.9%.  Full Article

Great Portland Estates sells London properties for 49.6 mln stg
Monday, 23 Apr 2018 

April 23 (Reuters) - Great Portland Estates PLC ::SELLS 78/92 GREAT PORTLAND STREET AND 15/19 RIDING HOUSE STREET, W1.GREAT PORTLAND ESTATES - HEADLINE PRICE OF £49.6 MILLION, REFLECTS A NET INITIAL YIELD OF 3.9% ON A TOPPED UP BASIS AND A CAPITAL VALUE OF £1,362 PER SQ FT..GREAT PORTLAND ESTATES SELLS 78/92 GREAT PORTLAND STREET AND 15/19 RIDING HOUSE STREET, W1.SOLD FREEHOLD OF 78/92 GREAT PORTLAND STREET AND 15/19 RIDING HOUSE STREET ( "PROPERTY") TO M&G REAL ESTATE..HEADLINE PRICE OF £49.6 MILLION, REFLECTS A NET INITIAL YIELD OF 3.9% ON A TOPPED UP BASIS AND A CAPITAL VALUE OF £1,362 PER SQ FT.AFTER DEDUCTION FOR OUTSTANDING TENANT INCENTIVES AND RENTAL GUARANTEES, NET PRICE IS £48.3 MILLION, AHEAD OF SEPTEMBER 2017 BOOK VALUE..  Full Article

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

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'Safe as houses'? Brexit looms over UK real estate market

LONDON Investors are ditching British real estate as Brexit uncertainty, rising interest rates and inflation erode house prices and office values in a market hurtling toward a potentially messy exit from the European Union.