Edition:
India

Great Portland Estates PLC (GPOR.L)

GPOR.L on London Stock Exchange

713.80GBp
20 Jun 2018
Change (% chg)

3.90 (+0.55%)
Prev Close
709.90
Open
714.90
Day's High
718.60
Day's Low
712.69
Volume
943,644
Avg. Vol
1,023,878
52-wk High
805.04
52-wk Low
658.20

Latest Key Developments (Source: Significant Developments)

Great Portland Estates reports FY EPRA NAV per share of 845 pence
Wednesday, 23 May 2018 

May 23 (Reuters) - Great Portland Estates PLC ::FY PRETAX PROFIT 76.7 MILLION STG VERSUS -140.2 MILLION STG LOSS YEAR AGO.FINAL DIVIDEND UP 14.1 PERCENT TO 7.3 PENCEPER SHARE.FY TOTAL DIVIDENDS PER SHARE OF 11.3 PENCE (2017: 10.1 PENCE), UP 11.9%, WITH FINAL DIVIDEND OF 7.3 PENCE, UP 14.1%.GREAT PORTLAND ESTATES - EXPECT SOFTENING IN MARKET RENTS, SOME SECONDARY ASSET YIELDS, OCCUPIER DEMAND REMAINS HEALTHY ACROSS RETAIL AND OFFICE PORTFOLIO.FY EPRA NAV PER SHARE OF 845 PENCE, UP 5.8% IN YEAR.SEES RENTAL VALUE GROWTH GUIDANCE FOR NEW FINANCIAL YEAR: RANGE OF +1.0% TO -2.5.FY VACANCY RATE OF 4.9%.  Full Article

Great Portland Estates sells London properties for 49.6 mln stg
Monday, 23 Apr 2018 

April 23 (Reuters) - Great Portland Estates PLC ::SELLS 78/92 GREAT PORTLAND STREET AND 15/19 RIDING HOUSE STREET, W1.GREAT PORTLAND ESTATES - HEADLINE PRICE OF £49.6 MILLION, REFLECTS A NET INITIAL YIELD OF 3.9% ON A TOPPED UP BASIS AND A CAPITAL VALUE OF £1,362 PER SQ FT..GREAT PORTLAND ESTATES SELLS 78/92 GREAT PORTLAND STREET AND 15/19 RIDING HOUSE STREET, W1.SOLD FREEHOLD OF 78/92 GREAT PORTLAND STREET AND 15/19 RIDING HOUSE STREET ( "PROPERTY") TO M&G REAL ESTATE..HEADLINE PRICE OF £49.6 MILLION, REFLECTS A NET INITIAL YIELD OF 3.9% ON A TOPPED UP BASIS AND A CAPITAL VALUE OF £1,362 PER SQ FT.AFTER DEDUCTION FOR OUTSTANDING TENANT INCENTIVES AND RENTAL GUARANTEES, NET PRICE IS £48.3 MILLION, AHEAD OF SEPTEMBER 2017 BOOK VALUE..  Full Article

Great Portland Estates Sells 240 Blackfriars Road, Se1​
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Great Portland Estates Plc ::‍GRP SELLS 240 BLACKFRIARS ROAD, SE1​.CO'S 50/50 JV EXCHANGED CONTRACTS TO SELL 240 BLACKFRIARS ROAD TO CLIENTS OF WOLFE ASSET MANAGEMENT LIMITED.‍DEAL'S HEADLINE PRICE OF £266.5 MILLION REFLECTS A NET INITIAL YIELD OF 3.94% AND A CAPITAL VALUE OF £1,176 PER SQ FT​.  Full Article

Great Portland Estates H1 ‍EPRA NAV per share of 813 pence​
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Great Portland Estates Plc :Interim dividend up 8.1 percent to 4 penceper share.H1 ‍portfolio valuation up 1.0% 2 (developments: up 1.6% )​.H1 ‍rental value growth of 0.7% 2 (0.5% offices, 1.7% retail); yield contraction of 4 bps​.H1 ‍total property return of 2.4%, with capital return of 1.0% v IPD Central London (quarterly index) of 2.9%​.H1 ‍EPRA NAV per share of 813 pence​.‍Upgraded rental value growth guidance for financial year: range now +1.5% to minus 2.5%​.‍Total accounting return of 2.6% over six months; interim dividend per share of 4.0 pence, up 8.1%​.  Full Article

Great Portland sees FY like-for-like rental values flat to down 7.5 pct
Wednesday, 24 May 2017 

May 24 (Reuters) - Great Portland Estates ::CEO forecasts FY rent values to be flat to down 7.5 percent on a like-for-like basis.CEO forecasts fy office rent values to be down 2.5 percent to 7.5 percent on a like-for-like basis.CEO says rental uncertainty still persisting in London market after Brexit vote.CEO says offering 3 additional months of rent-free periods as incentives to secure new tenants.FD says co gets 11 percent of rent roll from financial clients in London.  Full Article

Great Portland says to sell London property Rathbone Square
Friday, 10 Feb 2017 

Great Portland Estates Plc : Gpe sells rathbone square, w1 for £435 million and proposes to return profit of £110 million to shareholders . Sale to rathbone place jersey limited, an entity owned by westinvest gesellschaft für investmentfonds mbh and deka immobilien investment gmbh . Sale is expected to crystallise a whole-life capital return for gpe from entire development project of approximately £110.0 million . £110.0 million is proposed to be returned to shareholders by way of a special dividend . Following receipt of majority of sales proceeds, whole life surplus of approximately £110.0 million is proposed to be returned to shareholders . It is anticipated that this will be effected by way of a special dividend, which would be accompanied by a share consolidation .Gpe was advised on sale and proposed capital return by CBRE, GM Real Estate, Nabarro, BofA Merrill lynch, J.P. Morgan Cazenove and Lazard.  Full Article