Great Portland Estates Expects Leasing Growth Despite Macroeconomic Volatility

Dow Jones

Apr 10, 2025

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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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NEX.SI","symbol_name":"绿达环球有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2526860300","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526860300","pubTimestamp":1744266240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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  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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NEX.SI":"绿达环球有限公司","BK4194":"办公房地产投资信托","BK4223":"办公室房地产信托","BK6039":"环境与设施服务","BK6520":"工商业服务概念","GPEAF":"Great Portland Estates"},"translate_title":"尽管宏观经济波动，Great Portland Estates预计租赁仍将增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEX.SI":1,"GPEAF":1},"content_text":"By Cristina Gallardo \n\n\n \n\n\n  Great Portland Estates said leasings are on the rise despite macroeconomic volatility. \n\n\n  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. \n\n\n  As a result, its total leasing for the year rose to 37.7 million pounds, 10.6% above estimated rental value. \n\n\n  There were also 11 new retail leases in the quarter, bringing in a total of 4.1 million pounds in rent, the company said. \n\n\n  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. \n\n\n \n\n\n  Write to Cristina Gallardo at cristina.gallardo@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 10, 2025 02:24 ET (06:24 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}