India, Oct. 14 -- Great Portland Estates plc (GPE.L) published a business update for the second quarter.
The company signed 40 leases and renewals in the first half, generating 19 million pounds in annual rent, 4.1% above ERV, and completed its fully pre-let 30 Duke Street project on time and within budget. Demand for premium London office space remains strong, with another 9.8 million pounds in rent under offer, 6.7% above ERV.
The company signed 19 leases and renewals in the quarter, generating 5.8 million pounds in annual rent at 5.0% above ERV. For the first half, 40 leases generated £19 million in annual rent, 4.1% above ERV. A further 9.8 million pounds in rent is under offer at 6.7% above ERV.
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