Great Portland notes continued leasing successes

Great Portland Estates announces 92,800 sq. ft. of lettings since 1 July 2016, generating a combined annual rent of £7.9m (GPE share: £7.1m) with market lettings broadly in-line with March 2016 ERV.

These result in total lettings of 158,900 sq. ft. since the start of the financial year (1 April 2016), generating a combined annual rent of £11.5m (GPE share: £10.3m).

CEO Toby Courtauld said:

"We are pleased with the continued leasing momentum across our portfolio and our most recent pre-lettings have further de-risked our committed development programme, now being around 70% pre-let or pre-sold.

"With a further £4.4 million of space currently under offer, the limited available space across our portfolio continues to attract healthy leasing interest."