RNS Number : 8449S
Great Portland Estates PLC
27 May 2009
 


 


Termination of interest rate derivatives


Great Portland Estates plc ("GPE") announces that it has terminated £190 million of interest rate derivatives at a cost of £18.2 million. The transaction results in a reduction in the weighted average interest rate from 5.2% to 2.9% on current GPE net debt levels.




Contacts:


Great Portland Estates plc 


Timon Drakesmith                                              0207 647 3000

Martin Leighton 



Finsbury 

James Murgatroyd                                             020 7251 3801

Gordon Simpson







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