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Great Portland Estates PLC - London-based office building developer and landlord - Says it has inked 16 fully managed deals so far in 2026, with these deals set to secure £9.1 million of annual rent, at an average price of £236 per square foot. Notes that this is 9.7% ahead of estimated rental value and will generates a 74% cash flow beat to equivalent traditional Ready to Fit leases. Says the new lettings span 38,400 square feet, and include five customer renewals, one customer expanding their workspace, and 10 new customers. Adds that fully managed leasing for the financial year rises to 50 deals, covering 148,900 square feet and securing £35.4 million in annual rent, 7.8% ahead of ERV. ‘Demand for our fully managed spaces in prime locations has never been stronger. Alongside our recent leasing success, we have also experienced record viewing levels in the first two months of the year, up 36% on the same period last year,’ says Flex Workspaces Director Simon Rowley. This reinforces the strong and growing demand for our best in class workspaces and service led experience we provide to our customers across London.‘ Current stock price: 345.00 pence, up 0.9% on Thursday afternoon in London 12-month change: up 23% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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