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Great Portland Estates plc R.E.I.T. ( (GB:GPE) ) has provided an update.
Great Portland Estates plc has secured planning permission from Southwark Council for the redevelopment of St Thomas Yard, SE1. The project, designed by Orms, involves a retrofit-first approach to transform the existing 1980s structure into an 11-storey office building, significantly increasing the net area while reducing carbon emissions. This development reflects GPE’s confidence in the London office market and commitment to sustainability, with construction expected to start in summer 2026 and complete by late 2028.
The most recent analyst rating on (GB:GPE) stock is a Hold with a £349.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.
Spark’s Take on GB:GPE Stock
According to Spark, TipRanks’ AI Analyst, GB:GPE is a Neutral.
The overall stock score of 62 reflects a balance between mixed financial performance and positive technical indicators. The company’s financial health is hindered by income volatility and cash flow issues, while technical analysis suggests bullish momentum. The valuation indicates potential undervaluation, supported by a reasonable P/E ratio and dividend yield.
To see Spark’s full report on GB:GPE stock, click here.
More about Great Portland Estates plc R.E.I.T.
Great Portland Estates plc (GPE) is a real estate investment trust focused on the development and management of high-quality commercial properties in London. The company specializes in creating sustainable and innovative office spaces, with a market focus on prime locations within the city.
Average Trading Volume: 863,583
Technical Sentiment Signal: Hold
Current Market Cap: £1.33B
See more insights into GPE stock on TipRanks’ Stock Analysis page.