Great Portland Estates

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Great Portland Estates plc
Public
Traded as LSEGPOR
Industry Property
Founded 1959
Headquarters London, United Kingdom
Key people
Martin Scicluna, (Chairman)
Toby Courtauld (CEO)
Revenue £88.8 million (2015)[1]
£504.6 million (2015)[1]
£508.2 million (2015)[1]
Website www.gpe.co.uk

Great Portland Estates plc is a British property development and investment company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007.

History[edit]

The Company was founded by Basil Samuel in 1959 to invest in properties originally developed by the Dukes of Portland.[2] It was first listed on the London Stock Exchange later that year.[3] It acquired the Ilex Estate in 1997.[4]

In 2007 the Company converted into a real estate investment trust.[5]

Operations[edit]

The Company is based in London and the great majority of its assets are in London. It mainly owns office buildings, with a smaller amount of retail property. The largest group of properties is in the Marylebone district of central London just to the north of Oxford Street, in and around Great Portland Street. The Company also owns properties in the West End such as the West side of Hanover Square[6] and in the City of London such as the Bloomberg Headquarters.[7]

At 31 March 2015 Great Portland Estate's property portfolio was valued at circa £2.3 billion.[1]

See also[edit]

Great Portland Estates' head office at Cavendish Square, London (the tall building on the left)

References[edit]

  1. ^ a b c d "Annual Report 2015" (PDF). Great Portland Estates. Retrieved 9 April 2016. 
  2. ^ "Business - The Times". timesonline.co.uk. Retrieved 28 March 2015. 
  3. ^ "2010 - present - Great Portland Estates". gpe.co.uk. Retrieved 28 March 2015. 
  4. ^ "Great Portland offers £96m for Pollen Estate". Property Week. Retrieved 28 March 2015. 
  5. ^ "Best may be over in dash by companies to convert to REITs". Retrieved 9 April 2016. 
  6. ^ "Hanover Square - London Masterplan - e-architect". e-architect. Retrieved 9 April 2016. 
  7. ^ "Great Portland Estates hikes rents; warns of Brexit". FT. 10 February 2016. Retrieved 9 April 2016. 

External links[edit]