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Great Portland pre-lets two floors at Hanover Square

Thu, 07th Mar 2019 07:53

(Sharecast News) - Property developer Great Portland Estates has pre-let 53,900 square feet of office space at its Hanover Square project to natural resources firm Glencore.Great Portland leased the second and fourth floor of the West London site to Glencore on three separate 20-year leases via its 50/50 joint venture with the Hong Kong Monetary authority, GHS.In 2018, the FTSE 250 resident pre-let 57,200 square foot on the fifth and eighth floors to investment firm Kohlberg Kravis Roberts & Co on fifteen-year leases, leaving only the first floor of the nine-storey building available.Chief executive Toby Courtauld said: "This has been a rare opportunity to create a world-class development, on a premier garden square, in the heart of Mayfair. We have been delighted by the strong occupier interest, and to have attracted both Glencore and KKR to 18 Hanover Square is a testament to its quality."To date, we have secured 41% of the overall gross development value of the scheme, 18 months ahead of practical completion, and we are encouraged by further leasing discussions ongoing on much of the remaining space."
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13 Feb 2020 09:46

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13 Feb 2020 09:28

Great Portland Estates pleased performance in latest quarter

(Sharecast News) - Great Portland Estates updated the market on its trading for the quarter ended 31 December on Thursday, reporting ongoing leasing successes ahead of March 2019 estimated recovery values.

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6 Feb 2020 09:02

Great Portland Estates Signs GBP450 Million ESG-Linked Credit Facility

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6 Feb 2020 07:51

Great Portland Estates signs ?450m sustainability-linked credit facility

(Sharecast News) - Great Portland Estates has signed a £450m environmental, social and governance (ESG) linked unsecured revolving credit facility at a headline margin of 90 basis points over LIBOR, it announced on Thursday, with a group of five existing relationship banks.

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22 Jan 2020 14:35

Great Portland Adds Former Hays Director Vicky Jarman To Board

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17 Jan 2020 09:26

UK BROKER RATINGS SUMMARY: Kepler Likes UK Grocers Tesco, Sainsbury's

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16 Jan 2020 09:38

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15 Jan 2020 09:32

UK BROKER RATINGS SUMMARY: Goldman Raises Capita To Conviction Buy

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10 Jan 2020 08:02

Great Portland Estates Pens GBP60 Million Disposal Of London Site

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10 Jan 2020 07:27

Great Portland Estates sells Britton Street property to overseas investor

(Sharecast News) - Great Portland Estates has exchanged contracts to sell 24/25 Britton Street, EC1 to an overseas investor for a headline sale price of £64.5m, it announced on Friday equating to £64.06m after the deduction of vendor top ups.

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6 Jan 2020 09:37

UK BROKER RATINGS SUMMARY: Bank Of America Downgrades Morrisons

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18 Dec 2019 12:15

Deutsche Bank downgrades London office real estate sector

(Sharecast News) - Deutsche Bank downgraded its stance on the London office real estate sector to 'hold' on Wednesday, citing limited upside at current valuations.

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18 Dec 2019 09:39

UK BROKER RATINGS SUMMARY: Deutsche Bank Cuts Property Firms To Hold

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16 Dec 2019 09:40

UK BROKER RATINGS SUMMARY: Barclays And HSBC Downgrade Virgin Money UK

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