Great Portland Estates plc R.E.I.T. (GB:GPE) has released an update.
Great Portland Estates plc (GPE) has reported robust leasing activity with £4.3 million of new deals signed in the last quarter, exceeding valuer’s estimates by 7.7%. Capitalizing on London’s real estate market, they’ve executed a smart property swap and completed a £350 million rights issue to fund future acquisitions. GPE’s strategic investments and developments are set to enhance shareholder returns and are supported by an improving macro-economic environment.
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