Great Portland Estates plc (GPE.L) has signed three new Fully Managed leasing deals totaling 11,720 sq ft of refurbished office space at SIX St Andrew Street, EC4, and 31/34 Alfred Place, WC1.
Tenants include a global business news leader, a blockchain analytics firm, and EKU Energy. The agreements deliver £2.5 million in annual rent at an average of £212 per sq ft, 2.8 percent above March 2025 ERV, bringing occupancy to 74 percent at SIX and 82 percent at Alfred Place.
Fully Managed leasing momentum continues with eight deals completed in the second quarter, exceeding first quarter's total, and another eight under offer. Including space under offer, Fully Managed transactions now span 69,800 sq ft, generating £16.5 million annually, 6.9 percent above ERV.
CFO Nick Sanderson said the strong demand highlights the appeal of GPE's premium offering and positions the portfolio for sustained income and value growth, ahead of the 170 Piccadilly, SW1 completion later this month.
GPE.L currently trades at £314.5 or 2.78% lower on the London Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.