Great Portland Estates plc R.E.I.T. (GB:GPE) has released an update.
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Great Portland Estates plc reported strong performance for the first half of 2024, highlighting significant liquidity and strategic acquisitions at a notable discount. The company issued a £250 million sustainable bond and secured a £150 million revolving credit facility, positioning itself for further growth with £1 billion of potential acquisitions under review. With a focus on prime, sustainable spaces, GPE has seen leasing rates surpassing estimates and expects to continue benefiting from its robust development pipeline.
For further insights into GB:GPE stock, check out TipRanks’ Stock Analysis page.
