Great Portland Estates plc R.E.I.T. (GB:GPE) has released an update.
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Great Portland Estates plc reports a robust quarter with £6.1 million in new lettings, surpassing valuations and hinting at a strong financial year with a projected rental growth of 3-6%. The company has successfully issued £350 million in rights and £250 million in sustainable bonds, strengthening its balance sheet and gearing up for strategic acquisitions worth £100 million already under offer. Amid favorable market conditions and a diversified property portfolio, GPE continues to exceed leasing expectations and reinforces its positive outlook for London’s office space demand.
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