By Cristina Gallardo
Great Portland Estates said leasings are on the rise despite macroeconomic volatility.
The London-listed real-estate investment trust said Thursday that it signed 32 new leases for a total of 18.2 million pounds ($23.3 million) in its fourth quarter, ended March 31.
As a result, its total leasing for the year rose to 37.7 million pounds, 10.6% above estimated rental value.
There were also 11 new retail leases in the quarter, bringing in a total of 4.1 million pounds in rent, the company said.
Great Portland Estates' HQ and Fully Managed spaces are generating strong demand in a market that is increasingly low on high quality supply, the trust said.
Write to Cristina Gallardo at cristina.gallardo@wsj.com
(END) Dow Jones Newswires
April 10, 2025 02:24 ET (06:24 GMT)
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