Great Portland announces two more Soho lettings
1st Dec 2016 07:38
(ShareCast News) - Great Portland Estates has let a further 25,200 sq. ft. of office space in its recently completed development at 30 Broadwick Street, London W1. The 10,600 sq. ft. fifth floor has been let to UK gaming company Jagex, while the 14,600 sq. ft. second floor has been let to BCG Digita
Read moreGreat Portland sees weak market after Brexit vote; posts H1 loss
17th Nov 2016 08:15
(ShareCast News) - The London commercial property market looks set to weaken as the UK unravels itself from membership of the European Union, said Great Portland Estates chief executive Toby Courtauld. Speaking as the company reported a first half pre-tax loss of £62.7m, compared with a £371m profit
Read moreGreat Portland sells central London property to Norwegian sovereign wealth fund
16th Nov 2016 07:45
(ShareCast News) - Great Portland Estates has completed the sale of 73/89 Oxford Street and 1 Dean Street in London to Norwegian sovereign wealth fund Norges Bank Real Estate Management for £276.5m. The price reflects a net initial yield to the buyer of 3.2%. The scheme is pre-let to New Look Retai
Read moreGreat Portland Estates lets 93,000 sq ft since July
11th Oct 2016 07:50
(ShareCast News) - Great Portland Estates announced on Tuesday that it had completed 92,800 sq ft of lettings since 1 July, generating a combined annual rent of £7.9m, with GPE's share at £7.1m and market lettings broadly in-line with March 2016 ERV. The FTSE 250 firm said these resulted in total le
Read moreCiti sees opportunity in UK real estate correction
18th Jul 2016 16:17
(ShareCast News) - UK commercial real estate values were set to fall further, analysts at Citi said, but they believed the falls would only be a 'correction' - mostly cyclical in nature - and should be looked upon as a trading opportunity. Nonetheless, they admitted the risk of a more severe propert
Read moreGreat Portland Estates 'well-positioned' for Brexit
7th Jul 2016 08:27
(ShareCast News) - Great Portland Estates updated the market on its trading for the quarter to 30 June on Thursday, confirming it signed 10 new lettings during the period, generating annual rent of £3.2m for the company. The FTSE 250 firm said it secured £3.5m per annum through the settlement of fou
Read moreSocGen outlines post-referendum trade ideas
22nd Jun 2016 09:57
(ShareCast News) - Remain is the central scenario in Societe Generale's equity allocation model and the FTSE 100 is one of its preferred indices, the bank said as it outlined its equity trade ideas for both outcomes. In the event of a Brexit, SocGen expects that on 24 June and the following days, th
Read moreThursday broker round-up
26th May 2016 15:53
(ShareCast News) - Great Portland States: Jefferies downgrades to underperform with a 650p target. Electrocomponents: RBC upgrates to sector perform with a 270p target. Marks & Spencer: Jefferies downgrades to underperform with a target price of 300p, Exane BNP Paribas downgrades to underperform wi
Read moreGreat Portland Estates subsides despite London commercial property confidence
25th May 2016 10:13
(ShareCast News) - Great Portland Estates's net asset value (NAV) surged 19.5% in a year of "record-breaking leasing" as, apart from Brexit uncertainty, London's commercial property market was said to remain supportive. In the 12 months to end-March, the FTSE 250 group's portfolio valuation increase
Read moreGreat Portland Estates sells Mortimer House for £27m
29th Apr 2016 09:16
(ShareCast News) - Great Portland Estates announced on Friday that it had exchanged contracts to sell Mortimer House in London's Fitzrovia for £26.95m. The FTSE 250 firm said the office property, with 23,800 square feet of net internal area, is currently vacant and benefits from consent from a tripl
Read morePeel Hunt sees opportunities and risks in UK commercial property
12th Apr 2016 13:25
(ShareCast News) - In 2016, and for the first time in four years, UK commercial property shares had not outperformed the All-Share. That had thrown-up appetising opportunities in the sector for the first time in several years as shares de-rated, with the sector changing hands on an average discount
Read moreCredit Suisse downgrades Derwent London and Great Portland on Brexit risks
11th Feb 2016 14:41
(ShareCast News) - Recent underperformance by the listed UK real estate outfits focused on the London office market was the result of the upcoming vote on the country's continued membership of the European Union, but the present moment did not seem to be an "obvious entry point", Credit Suisse said.
Read moreThursday broker round-up
11th Feb 2016 13:52
(ShareCast News) - ARM Holdings: JP Morgan reiterates neutral with a target of 950p, Exane BNP Paribas keeps at outperform, 1300p target, Deutsche Bank stays at hold, 1000p target, Goldman Sachs maintains buy with a target of 1400p, Citigroup keeps at neutral and Bryan, Garnier & Co reiterates buy.
Read moreGreat Portland Estates enters 2016 in strong position
10th Feb 2016 08:03
(ShareCast News) - Great Portland Estates remained in a strong position heading into the new year, with the real estate investment trust updating the market on its activities in the three months to 31 December on Wednesday. During the period, the FTSE 250 company signed 15 new lettings totalling 122
Read moreSuday share tips: Green Dragon Gas, British Land, Land Securities, Braemar Shipping
24th Jan 2016 14:46
(ShareCast News) - Green Dragon Gas was a 'buy' tip for Midas in the Mail on Sunday. Yes, oil prices is tumbling and China's growth is slowing, but gas prices are more stable and this Chinese gas producer is expected to enjoyed rocketing revenues and profits in the coming years from its gigantic acr
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