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Great Portland Estates PLC (GPOR.L)

GPOR.L on London Stock Exchange

706.10GBp
16 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Great Portland Estates To Return About 306 Mln Stg To Shareholders
Wednesday, 28 Feb 2018 02:01am EST 

Feb 28 (Reuters) - Great Portland Estates Plc ::INTENDS TO RETURN ABOUT £306.0 MILLION TO SHAREHOLDERS IN FORM OF A PAYMENT OF 93.65 PENCE PER ORDINARY SHARE.INTENDS TO IMPLEMENT THIS RETURN OF CAPITAL THROUGH ISSUE AND REDEMPTION OF A NEW CLASS OF REDEEMABLE B SHARES.  Full Article

Great Portland Estates Releases Early Results Of ‍Debenture Tender Offer​
Friday, 2 Feb 2018 06:36am EST 

Feb 2 (Reuters) - Great Portland Estates Plc ::‍DEBENTURE TENDER OFFER EARLY RESULTS​.‍ANNOUNCES EARLY RESULTS OF, AND PRICING FOR, ITS OUTSTANDING £150,000,000 5.625 PER CENT. FIRST MORTGAGE DEBENTURE STOCK DUE 2029​.‍OFFEROR HAD RECEIVED VALID TENDERS OF £120,952,139 IN AGGREGATE NOMINAL AMOUNT OF BONDS​.‍ALL SUCH BONDS WILL BE ACCEPTED BY OFFEROR FOR PURCHASE PURSUANT TO OFFER​.‍CASH PURCHASE PRICE OFFEROR WILL PAY FOR BONDS WILL BE 131.884 PERCENT OF NOMINAL AMOUNT OF RELEVANT BONDS​.  Full Article

Great Portland Estates Sells 240 Blackfriars Road, Se1​
Monday, 18 Dec 2017 02:00am EST 

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 02:00am EST 

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 says 17 new lettings in quarter
Tuesday, 3 Oct 2017 02:00am EDT 

Oct 3 (Reuters) - Great Portland Estates Plc ::IN QUARTER, SIGNED 17 NEW LETTINGS ACROSS 75,500 SQ FT, GENERATED ANNUAL RENT OF £5.3 MILLION, MARKET LETTINGS 2.5% AHEAD OF MARCH 2017 ERV​.  Full Article

Great portland says working up plans to commence redevelopment in Q1 2018​
Thursday, 6 Jul 2017 02:00am EDT 

July 6 (Reuters) - Great Portland Estates Plc ::Says trading update for quarter to 30 June 2017.‍Following recent acquisition of cityside house, working up plans to to commence redevelopment in Q1 of 2018​.Says 20 new lettings (94,500 sq ft) signed generating annual rent of 6.0 million stg.Says 26 lettings under offer totalling 13.1 million stg p.a. Of rent (our share: £10.4 million); 1.3% ahead of March 2017 ERV.Says ‍group consolidated net debt reduced to gbp 485.3 million at 30 June 2017, down from gbp 502.8 million at 31 March.Says group rent roll increased to 115.9 million stg, up 5.7% over three months to 30 June 2017.  Full Article

GPE acquires Cityside and Challenger House
Tuesday, 20 Jun 2017 02:00am EDT 

June 20 (Reuters) - Great Portland Estates Plc : :Great Portland Estates Plc - acquired Freehold Of Land And Buildings from Hermes Investment Management, for £49.6 million.  Full Article

Great Portland Estates FY EPRA NAV per share of 799p
Wednesday, 24 May 2017 02:00am EDT 

May 24 (Reuters) - Great Portland Estates Plc ::FY portfolio valuation down 4.9% in year.FY rental value decline of 1.3%.FY EPRA NAV per share of 799 pence.Total dividends per share of 10.1 pence up 9.8%.Fy EPRA earnings of £59.3 million up 24.1% on 2016.Fy EPRA eps of 17.3 pence.Since year end, lettings of £5.1 million at 2.1% premium to march 2017 erv; further £6.9 million under offer, 2.4% above march 2017 erv.3 committed schemes 65% pre-sold, expected profit on cost of 2%, capex to come of £44.5 million, all due to complete in next 9 months.Near term, expect uncertain political, economic environment to weigh on rental levels across london's commercial property markets.Longer term, optimistic that london will retain its status as one of only a handful of truly global cities.  Full Article

Great Portland says to pay 32.15 p/shr special dividend
Wednesday, 19 Apr 2017 02:00am EDT 

April 19 (Reuters) - Great Portland Estates Plc ::Announces its intention to pay a special dividend to shareholders of 32.15 pence per share.Will be accompanied by a 19 for 20 share consolidation of company's ordinary share capital.  Full Article

Great Portland Estates raises 175 mln pounds through issue of US private placement notes
Wednesday, 29 Mar 2017 02:00am EDT 

Great Portland Estates Plc : Refinances in the us private placement market . Raised 175 mln pounds through issue of new seven year US private placement notes . Sterling denominated unsecured debt has a fixed rate coupon of 2.15 pct(representing a margin of 125bp over relevant gilt) . New issue priced on Feb. 22, signed on March 28 and will close with funds drawn on May 22 .New notes were placed with eight institutional investors.  Full Article