Great Portland Estates PLC GPE announces acquisition of 19/23 Wells Street
October 29 2024 - 3:00AM
RNS Regulatory News
RNS Number : 9474J
Great Portland Estates PLC
29 October 2024
29 October 2024
GPE
grows Flex portfolio with acquisition of 19/23 Wells Street,
W1
Great Portland Estates plc (GPE) is
delighted to announce it has exchanged on the acquisition of 19/23
Wells Street, W1, for £19 million (£991 per sq ft), from British
Land plc. Located in the heart of Fitzrovia, the 19,182 sq ft
building comprises basement, ground and five upper floors. GPE
intends to convert the space to its Fully Managed offer, together
with transforming the ground floor space to deliver best-in-class
amenity for its customers.
The building is within walking
distance of a number of GPE's existing holdings, including
wells&more, Elsley House, Kent House and 7/15 Gresse Street and
will add to a growing cluster of GPE Fully Managed buildings in
Fitzrovia.
James Harrop-Griffiths, Investment Manager,
said: "We are excited to announce
our acquisition of 19/23 Wells Street. This is our second Fully
Managed deal within the West End during the last six months. The
building offers an excellent opportunity for us to enhance our
cluster of properties in this vibrant area, enabling us to deliver
a diverse range of workspaces for our customers, all accompanied by
exceptional levels of customer service."
Great Portland Estates
plc
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+44
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(0)
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20
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7647
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3000
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Toby Courtauld, Chief
Executive
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Nick Sanderson, Chief Financial
& Operating Officer
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Stephen Burrows, Director of
Investor Relations and Joint Director of Finance
James Harrop-Griffiths, Investment
Manager
Yasemin Kiani, Communications
Lead
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FGS Global
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James Murgatroyd & Gordon
Simpson
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+44
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(0)
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20
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7251
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3801
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For further information see
www.gpe.co.uk or follow us on X at @GPE_london
LEI Number:
213800JMEDD2Q4N1MC42
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