Skyscrapers Rising Next to Vacant Towers Mark New City of London
May 19 2021, 8:12 PM
May 19 2021, 9:31 AM
May 19 2021, 8:12 PM
(Bloomberg) When the Gherkin tower opened 17 years ago, its skyline-defining silhouette heralded a new era in the low-rise City of London. Now, a spate of new planned skyscrapers threaten to erase it from view and from relevance.
(Bloomberg) When the Gherkin tower opened 17 years ago, its skyline-defining silhouette heralded a new era in the low-rise City of London. Now, a spate of new planned skyscrapers threaten to erase it from view and from relevance.
As one of the Gherkinâs main residents weighs a move, even iconic buildings risk struggling to keep or replace tenants in Londonâs premier financial district. While the pandemic is emptying City offices at the fastest pace in more than a decade, it hasnât slowed the coming wave of towers. That carries a warning for landlords: if there is a return to the office, it wonât be to d
Great Portland Estates Posts FY IFRS Loss
LONDON (dpa-AFX) - Property development and investment company Great Portland Estates Plc (GPOR.L) Wednesday reported a loss for the full year, reflecting revaluation declines of the Group s investment properties together with lower EPRA earnings. Revenue was lower in the year, driven by no trading property sales and lower gross rental income.
The Group reported IFRS loss after tax of 201.9 million pounds versus last year s profit of 51.8 million pounds. On a per share basis, loss was 79.8 pence versus profit of 20.0 pence last year.
EPRA earnings during the year slid by 29.6 percent to 40.1 million pounds, predominantly due to lower net rental income and higher expected credit loss provisions made against doubtful debts. EPRA earnings per share declined to 15.8 pence from 22.0 pence.
10 March 2021 | 08:58am
StockMarketWire.com - Great Portland Estates joint venture GHS Limited Partnership said it had let a restaurant at the Hanover Square development to Colonial Property.
Colonial has agreed a twenty-year lease (without break) at an initial minimum rent of £600,000 per annum (plus a turnover top-up).
The restaurant comprises three levels, ground and two lower ground floors with a 1,100 sq ft raised external terrace overlooking the newly created 8,400 sq ft Medici Courtyard.
The restaurant is expected to open in the autumn of 2021.
At 8:58am: [LON:GPOR] Great Portland Estates PLC share price was 0p at 688p
Story provided by StockMarketWire.com
14 January 2021 | 09:27am
StockMarketWire.com - Real estate company Great Portland Estates said it had collected about 77% of December rent to date, though flagged a sharp decline building utilisation rates amid government-imposed lockdown measures.
Offices were operating at around 10% of full occupancy, with around 16% of its retail units were open. Whilst rental collection rates for the December quarter are ahead of September levels, building utilisation rates have greatly reduced once more and some sectors remain challenged, the company said.
The company completed seven new lettings during the quarter, generating annual rent of £2.4 million.
Great Portland Estates expects to release its full year results to 31 March 2021 on Wednesday 19 May 2021.
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