Great Portland Estates (GPE)

Sector:

Property Investment Trusts

Index:

FTSE 250

339.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 371.50
  • 52 Week Low: 262.00
  • Currency: UK Pounds
  • Shares Issued: 406.19m
  • Volume: 2,493,503
  • Market Cap: £1,376.98m
  • RiskGrade: 82
  • Beta: 0.02

Great Portland signs four new leases at Fitzrovia office

By Benjamin Chiou

Date: Thursday 06 Feb 2025

LONDON (ShareCast) - (Sharecast News) - London-focused property developer Great Portland Estates has announced four new leases for fully managed offices at its newly completed building near Goodge Street in Fitzrovia.
The four leases cover 10,800 square feet of office space at 31 Alfred Place, WC1 and have been let ahead of estimated rental value at £222 per sq ft on average, with all four clients set to move in over the next few weeks.

"We're excited that leasing momentum continues unabated across our growing fully managed portfolio," said David Korman, GPE's senior leasing manager.

The site has been leased to adtech firm Smartly, marketing consultancy BBL/P, production company Casual Films and an unnamed multinational retailer.

"These transactions average 8.6% ahead of ERV, comfortably ahead of our underwrite. The success here is also hot on the heels of our recent leasing success at SIX (St Andrew Street), which demonstrates strong customer demand for our premium fully managed workspaces."

An additional 3,400 sq ft of space is also under offer at the eight-storey newly refurbished office, GPE said.

GPE shares were down 0.4% at 286.5p by 0816 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GPE Market Data

Currency UK Pounds
Share Price 339.00p
Change Today 10.00p
% Change 3.04 %
52 Week High 371.50
52 Week Low 262.00
Volume 2,493,503
Shares Issued 406.19m
Market Cap £1,376.98m
Beta 0.02
RiskGrade 82

GPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.86% below the market average65.86% below the market average65.86% below the market average65.86% below the market average65.86% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Price Trend
2.95% above the market average2.95% above the market average2.95% above the market average2.95% above the market average2.95% above the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average
Income
87.18% below the market average87.18% below the market average87.18% below the market average87.18% below the market average87.18% below the market average
82.61% below the sector average82.61% below the sector average82.61% below the sector average82.61% below the sector average82.61% below the sector average
Growth
49.88% below the market average49.88% below the market average49.88% below the market average49.88% below the market average49.88% below the market average
70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average

What The Brokers Say

Strong Buy 6
Buy 5
Neutral 4
Sell 1
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GPE Dividends

  Latest Previous
  Final Interim
Ex-Div 29-May-25 21-Nov-24
Paid 07-Jul-25 03-Jan-25
Amount 5.00p 2.90p

Trades for 28-May-2025

Time Volume / Share Price
16:35 587,669 @ 339.00p
16:35 592 @ 339.00p
16:35 3,769 @ 339.00p
16:35 31 @ 339.00p
16:35 41 @ 339.00p

GPE Key Personnel

CEO Toby Courtauld

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