News
20 January 2012
The Great Ropemaker Partnership (“GRP”) a 50:50 joint venture between Great Portland Estates plc (“GPE”) and Ropemaker Properties, the property nominee of the BP Pension Fund, announces that it has pre-let 105,648 sq. ft. to UBM plc in its development at 240 Blackfriars Road, London SE1.
21 December 2011
Great Portland Estates plc (“GPE”) announces that it has agreed to pre-let the majority of the office space at its redevelopment of 33 Margaret Street, W1 (formerly Marcol House) to Savills plc (“Savills”), which will relocate from its two existing premises North and South of Berkeley Square. The building totals 102,291 sq. ft., which includes 95,165 sq. ft. of offices and 7,126 sq. ft. of retail and was acquired as a development opportunity by GPE from Dubai World in November 2009. Building works are expected to be completed in October 2012.
21 December 2011
Great Portland Estates (“GPE”) has exchanged contracts to sell the long leasehold interest in 28/29 Savile Row, W1 to a joint venture between Aerium Finance Limited and Allied London LLP. The price of £16.25 million reflects a capital value of £1,017 per sq. ft.
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