Great Portland Estates plc ("GPE" or the “Group”) announces that it has signed a £450 million unsecured revolving credit facility (“RCF”) at a headline margin of 92.5 basis points over LIBOR with a group of six existing relationship banks. The facility has an initial five-year term which may be extended to a maximum of seven years at GPE’s request, subject to bank consent.
We deliver value by unlocking the often hidden potential in commercial real estate using our focused business model to reposition properties. When combined with the effective reading of the property cycle, in a market we know inside out, we aim to deliver long-term returns for shareholders. Explore results, presentations, share price and shareholder information here.
Our business is in great shape. We will continue to invest in our enviable portfolio to meet occupier demand and maximise organic growth for shareholders.Toby Courtauld Chief Executive, Great Portland Estates