Great Portland Estates deliver another productive quarter

FTSE News FTSE 250

Great Portland Estates plc (LON:GPOR) today published its trading update for the quarter to 31 December 2019. Continued leasing successes ahead of March 2019 ERV ·   Twelve new lettings (48,900 sq ft) generating annual rent of £3.7 million (our share: £3.5 million); market lettings 1.4% ahead of March 2019 ERV ·   Flexible space now c.11% of office portfolio at 35% > ERV1 and …

Buildings

Great Portland Estates signs innovative £450 million ESG-linked Revolving Credit Facility

FTSE News FTSE 250

Great Portland Estates plc (LON: GPOR) announced today that it has signed a £450 million ESG-linked unsecured revolving credit facility at a headline margin of 90 basis points over LIBOR with a group of five existing relationship banks. The facility has an initial five-year term which may be extended to a maximum of seven years at GPE’s request, subject to …

Great Portland Estates strong operational performance

FTSE News FTSE 250

Great Portland Estates plc (LON: GPOR) has announced the results for the Group for the six months ended 30th September 2019. Highlights1 include: Valuation up 0.8%2, driven by committed developments and rental value growth · Portfolio valuation up 0.8%2 (developments: up 6.0%2) · Rental value growth of 1.0%2 (+1.4% offices, -0.2% retail); yield compression of 1 bp · Total property …