IN BRIEF: Great Portland Estates' 170 Piccadilly passes 73% let

Great Portland Estates PLC - London-based office landlord - Reports the letting of over 6,200 square feet at 170 Piccadilly in London, bringing the fully managed development to over 73% let or under offer. Says an unnamed facilities management company will take 1,644 square feet, while an unnamed

global automotive technology company will take 4,585 square feet. Notes the space has been let 5.9% ahead of estimated rental value, at an average rent of GBP294 per square foot.

"Reaching over 73% occupancy at 170 Piccadilly is a clear sign of the momentum behind our fully managed offer. Demand continues to be driven by the building's exceptional quality, central location and the flexibility we provide our customers. With strong interest ongoing, we're confident in maintaining this positive leasing momentum across the wider Piccadilly Estate," says Flex Leasing Manager Anna Tweed.

Current stock price: 312.20 pence, down 1.0% on Thursday in London

12-month change: down 4.8%

By Christopher Ward, Alliance News reporter

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