Great Portland Estates plc R.E.I.T. ( (GB:GPE) ) has shared an update.
Great Portland Estates plc announced that Independent Television News Limited (ITN) has renewed its leases for 117,000 sq ft of workspace at 200 & 214 Gray’s Inn Road, a media hub building owned jointly with Ropemaker Properties. The renewal signifies ITN’s continued commitment to the location, which will undergo significant upgrades to improve customer experience, including the addition of a new floor with a roof terrace and enhanced connectivity features. This lease renewal, set for a ten-year term starting March 2025, reflects the confidence in GPE’s ability to deliver top-tier workspaces, reinforcing its market position and providing stability in rental income.
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 commercial properties in central London. GPE specializes in creating and refurbishing high-quality office spaces, often collaborating with notable architectural firms to enhance the appeal and functionality of their properties.
YTD Price Performance: -7.47%
Average Trading Volume: 868,877
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £1.08B
Find detailed analytics on GPE stock on TipRanks’ Stock Analysis page.