Our joint venture funds are aimed to provide:

• our partners with access to our market expertise and management skills; and
• Great Portland Estates with an alternative means of financing opportunistic deals in central London and new revenue potential through management and transaction based fees.

In 2004 The Great Victoria Partnership ('GVP') was formed to acquire the Mount Royal retail parade on Oxford Street, W1, one of the largest unbroken blocks of retail in single ownership on the street, extending to some 350 ft and 10 shops, a casino and a pub.

In 2005 The Great Victoria Partnership No2 ('GVP 2') was formed to purchase the iconic Liberty island site at 208/222 Regent Street, W1.

In 2006 The Great Wigmore Partnership ('GWP') was formed to own and develop two central London properties. Great Portland Estates contributed its 90,000 sq ft retail and office development at 180 Great Portland Street, W1 and Scottish Widows Investment Partnership contributed a 97,300 sq ft office, retail and residential island site bounded by Wigmore Street, Duke Street, James Street and Picton Place, W1.

In 2007 the £460 million Great Capital Partnership ('GCP') was formed with Capital & Counties (C&C) to own manage and develop a number of central London properties and to broaden both parties’ exposure in central London. C&C contributed sixteen properties totalling 605,000 sq ft and Great Portland Estates contributed five properties totalling 251,000 sq ft together with £68 million in cash.

In 2008 the Great Ropemaker Partnership ('GRP') was formed to own and develop a proposed 18 storey 207,000 sq ft office, retail and residential scheme at 240 Blackfriars Road, SE1.

In March 2010, The 100 Bishopsgate Partnership ('100 BG') was formed to develop Great Portland Estates' 100 Bishopsgate site with Brookfield Properties Corporation.

In May 2010, the Great Star Partnership ('GSP') was formed with Starwood Capital to own and refurbish two Central London properties situated adjacent to each other totalling 310,00 sq ft. Starwood Capital contributed City Tower, a 133,000 sq ft office building and Great Portland Estates contributed City Place House, a 177,000 sq ft office building.

30 September 2011

Joint venture business – contribution to The Group