Annual Report 2026
Creating sustainable spaces and delivering long-term value across central London. FY26 was a year of strong operational and financial performance for GPE. Record leasing activity, significant progress across our development programme and disciplined capital recycling contributed to growth in earnings, portfolio value and net assets. As demand for premium, sustainable workspace continues to strengthen, we remain well positioned to deliver attractive long-term returns for shareholders while creating outstanding spaces for our customers.
Download Annual Report 2026
FY26 Highlights
FY26 was marked by strong execution of our strategy and continued momentum across the business.
Key achievements during the year included:
Record leasing performance, delivering significant rental growth and securing strong demand for our premium office and flex space portfolio.
Growth in earnings, net asset value and portfolio valuation.
Continued progress across our development and refurbishment programme, including the completion of major projects.
Active capital recycling through strategic acquisitions and disposals.
Ongoing investment in sustainable, high-quality spaces across central London.
Strong operational performance despite continued macroeconomic and geopolitical uncertainty.
These results demonstrate the resilience of our portfolio, the strength of demand for well-located, sustainable workspace and our ability to capitalise on market opportunities as they arise.
Chief Executive's Summary
"I am pleased to report on a year of numerous operational successes. Despite continued macroeconomic and geopolitical uncertainty, we delivered many of the core components of our strategy, including record leasing activity, opportunistic acquisitions, strategic asset sales and the completion of some of London's highest-quality workspace into a market experiencing constrained supply.
Demand for our premium HQ and flex spaces remains strong and our development pipeline is concentrated in some of London's most sought-after locations. As a result, we remain confident in our ability to deliver attractive income and value growth over the medium term."
— Toby Courtauld, Chief Executive
The year demonstrated the benefits of GPE's long-term strategy and our focus on creating sustainable, high-quality spaces that meet the evolving needs of occupiers and investors alike.
I am pleased to report on a year of numerous operational successes. Despite continued macroeconomic and geopolitical uncertainty, we delivered many of the core components of our strategy, including record leasing activity, opportunistic acquisitions, strategic asset sales and the completion of some of London's highest-quality workspace into a market experiencing constrained supply.
Demand for our premium HQ and flex spaces remains strong and our development pipeline is concentrated in some of London's most sought-after locations. As a result, we remain confident in our ability to deliver attractive income and value growth over the medium term.
