Great Portland Estates PLC GPE announces pair of Soho lettings (6295Q)
01 December 2016 - 6:00PM
UK Regulatory
TIDMGPOR
RNS Number : 6295Q
Great Portland Estates PLC
01 December 2016
1 December 2016
GPE announces pair of Soho lettings
Great Portland Estates plc ("GPE") announces that it has let a
further 25,200 sq. ft. of office space in its recently completed
development at 30 Broadwick Street, W1.
The 10,600 sq. ft. fifth floor has been let to pre-eminent UK
gaming company Jagex Limited, while the 14,600 sq. ft. second floor
has been let to BCG Digital Ventures, a corporate innovation,
incubation and investment arm of The Boston Consulting Group. The
pair of lettings equate to a cumulative rent of GBP2,416,090 per
annum, which is 3.3% ahead of the March 2016 ERV.
These two tenants join European private equity business, EQT,
who pre-let the third floor earlier this year, which leaves 34,900
sq, ft. available on the first, fourth and sixth floors to let. The
92,300 sq. ft. development also includes 7,950 sq. ft. of
restaurant space which was pre-let to the Ivy Soho Brasserie and
9,000 sq. ft. of retail, which is all currently under offer.
Commenting on these lettings, Neil Thompson, Executive Director
of GPE said, "We are delighted to build on our recent leasing
success with two further high quality endorsements of this
excellent Soho development. Despite only completing the building
this month, we have already secured over 55% of the scheme's gross
development value - a figure we expect to improve on in the near
future."
Contacts:
Great Portland Estates plc
Toby Courtauld, Chief Executive +44 (0) 20 7647 3042
Neil Thompson, Executive Director +44 (0) 20 7647 3029
Finsbury Group
James Murgatroyd +44 (0) 20 7251 3801
Gordon Simpson +44 (0) 20 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
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