May 21, 2014
property investment and development company Great Portland Estates Plc has unveiled a strong set of financial results for year ending 2014 with the valuation of its portfolio up by almost 19% and NAV up over the year by almost 28%.
It was a record year for its leasing business with the number of pre-lets in its core West End locations spurred by high demand for quality office and retail space. CEO
said, "The next few years are going to be all about growth from within the portfolio, be it driving rents or generating development surpluses".
It's a view echoed by FD Nick Sanderson who said its 2014 numbers had outperformed market expectations, and that the company's strong balance sheet, low debt and strong cash position gave it the ability to go for lots more organic growth.
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SOURCE Great Portland Estates PLC