Great Portland Estates fully pre‑lets 30 Duke Street

22nd Jun 2026 07:29

(Sharecast News) - Property investment firm Great Portland Estates has fully pre‑let 30 Duke Street in St James's, SW1 after signing a final retail lease with Australian menswear brand MJ Bale.

Great Portland Estates said on Monday that MJ Bale has taken 2,636 square feet on the Jermyn Street frontage for its first London store, completing the leasing of the entire building.

The FTSE 250-listed firm stated the deal follows the pre‑letting of 62,300 sq ft of office space to Clayton, Dubilier & Rice in May 2025 and the letting of the Piccadilly retail unit to restaurant group L'Eto in October 2025.

In total, the scheme has secured around 67,700 sq ft of office and retail lettings at rents 6.7% ahead of enterprise rental value, delivering a blended ERV of £186 per sq ft and £12.6m of annual rent.

Executive director Dan Nicholson said: "Fully pre-letting 30 Duke Street St James's ahead of practical completion is a great result and highlights the enduring appeal of the West End. From CD&R to MJ Bale, the quality of the customer line-up demonstrates the continued pull of St James's and the depth of demand which our development pipeline is well placed to capture."

As of 0930 BST, GPE shares were down 1.18% at 318.40p.

Reporting by Iain Gilbert at Sharecast.com

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