Great Portland Estates plc (GPOR.L) announced Thursday a 10.6 percent year-over-year growth in property valuation, on a like-for-like basis, at December 31, 2011. Total portfolio valuation, including acquisitions, went up 10.1 percent. The West End Total section saw a 9.0 percent uptick, while City & Southwark registered a 6.8 percent rise.
Additionally, the company said net asset value, or NAV, on an EPRA basis, as on December 31, 2011, was 2.1 percent higher at 1.19 billion pounds, or 386 pence per share, from the NAV of September 30, 2011, which was 1.17 billion pounds, or 378 pence per share. Triple net asset value, or NNNAV, was 1.18 billion pounds, or 382 pence per share, compared to 1.16 billion pounds, or 375 pence per share.
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