Great Portland Estates PLC GPE secures Inmarsat pre-let at 50 Finsbury Square (6669J)
25 August 2021 - 4:01PM
UK Regulatory
TIDMGPOR
RNS Number : 6669J
Great Portland Estates PLC
25 August 2021
25 August 2021
GPE secures major development pre-let at 50 Finsbury Square,
EC2
Great Portland Estates plc (GPE or the Group) announces that it
has pre-let 121,800 sq ft at 50 Finsbury Square, EC2 to
telecommunications company Inmarsat Global Limited (Inmarsat).
Cushman and Wakefield acted as real estate advisors to
Inmarsat.
The Group's refurbishment will extend the office floor plates
within the existing envelope of the building, create a large
reception as well as improve the retail, leisure and amenity offer.
Practical completion is scheduled for late 2022.
Marc Wilder, Leasing Director of GPE, said: "Inmarsat is the
world's leading global mobile satellite communications company and
we are delighted to welcome them to our latest development. We are
working with their team to create a world class London headquarters
that responds to the needs of this forward-thinking organisation by
providing an amenity-rich environment, combined with smart building
technology powered by our award-winning app, sesame(TM).
50 Finsbury Square will be our first development to deliver on
all four pillars of our Sustainability Statement of Intent and is
expected to be our first certified as net zero carbon. We are
delighted that Inmarsat share our sustainability ambitions and have
committed to continue to work with us on this important issue."
Natasha Dillon, Chief People Officer at Inmarsat, said:
"Inmarsat is committed to its people and to providing them with the
best possible environment in which they can deliver for our
customers around the world. These new facilities will greatly
enhance the company's offering for our people as well as enable our
new hybrid working model, where each individual can work from the
office or elsewhere as the specific needs of the business and the
individual require."
Contacts:
Great Portland Estates plc +44 (0) 20 7647 3000
Toby Courtauld, Chief Executive
Marc Wilder, Leasing Director
Stephen Burrows, Director of Financial Reporting and IR
Finsbury Glover Hering +44 (0) 20 7251 3801
James Murgatroyd
Gordon Simpson
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