Great Portland Estates Plc
GPOR.L
London Stock Exchange735.50
GBp
-15.00
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Great Portland Estates Plc
GPOR.L
(London Stock Exchange)
Recent
price
735.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Great Portland Estates Plc Great Portland Estates Plc is a FTSE 250 real estate investment trust that invests in, develops, and manages a portfolio valued at approximately £2.4 billion, focused primarily on central London commercial properties including offices, retail spaces, and residential elements; its core offerings encompass ready-to-fit office spaces for customized fit-outs, fully managed furnished workspaces with amenities such as private terracing and modern retail integration at properties including One Newman Street, The Hickman, Carrington House, Bramah House, Whittington House, SIX, and Woolyard, and strategically located retail units in high-footfall areas like Soho and Bermondsey Street. The company, founded in 1959 following the acquisition of properties originally linked to the Dukes of Portland and headquartered at 33 Cavendish Square in London, concentrates operations in key central London districts such as the West End, Marylebone, Midtown, Soho, and the City, including holdings like the Bloomberg Headquarters and clusters around Tottenham Court Road's Elizabeth line station; it serves diverse occupiers ranging from headquarters users to flex space tenants through an active asset management model that repositions underperforming properties by refurbishing low-rent assets into premium, sustainable spaces aligned with market cycles while maintaining low financial leverage. Recent developments include multiple acquisitions since March 2023 totaling over £152 million, such as The Gable in WC1 for £18 million to expand its fully managed portfolio toward a 1 million sq ft target by 2030, the Courtyard Building, and Bramah House at £14 million; a fully underwritten £350 million rights issue in 2024 to fund a £1.4 billion acquisition pipeline with 74% in the West End and Midtown; a new £525 million ESG-linked revolving credit facility signed in October 2025 with banks including NatWest, Santander, Bank of China, and Lloyds; the sale of 1 Newman Street for £250 million in October 2025; planning approvals for HQ schemes at Whittington House and Gresse Street, and redevelopment at St Thomas Yard and Minerva House; and the publication of its Sustainable Bond Allocation & Impact Report alongside commitments to net zero by 2040. Subsidiaries support these activities, including Great Portland Estates Services Limited, GPE (Bramah House) Limited, and The Rathbone Place Partnership.
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