Great Portland Estates PLC (GPOR.L,GPE.L), a British property developer and investor, on Tuesday reaffirmed its annual rental growth guidance, citing strong leasing recorded for the first half.
Toby Courtauld, Chief Executive of Great Portland, said: "We are delighted with our many leasing successes during the first half of our financial year, well ahead of our ambitious targets. We secured £37.6 million in new leasing deals, matching the entire leasing volume achieved across the previous year, and outperforming the valuers' ERV by 7.1%, with an increased beat of 7.5% in Q2, ahead of 6.7% in Q1."
Looking ahead, for the full year, the company has reaffirmed its rental growth guidance with portfolio-wide growth of 4% to 7%. For prime office space, Great Portland's outlook is stronger in a range of 6% to 10%.
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