Great Portland Estates plc (branded as GPE) is a British

property development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re- lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to oth ...

and

investment company An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under th ...

. It is listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and is a constituent of the

FTSE 250 Index The Financial Times Stock Exchange 250 Index, also called the FTSE 250 Index, FTSE 250, or, informally, the "Footsie 250" , is a stock market index that consists of the 101st to the 350th mid-cap blue chip companies listed on the London Stock ...

. The firm switched to

Real Estate Investment Trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

status when REITs were introduced in the United Kingdom in January 2007.

History

GPE was founded by Howard and Basil Samuel in 1959 to invest in properties originally developed by the Dukes of Portland. It was listed on the

later that year. It acquired the Ilex Estate in 1997. In 2007 the company converted into a

real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

. In April 2018 it was announced that KKR would be taking up 57,000 square feet of space in GPE's new office development in Hanover Square. The move was the biggest single deal in

Mayfair Mayfair is an area of Westminster, London, England, in the City of Westminster. It is in Central London and part of the West End. It is between Oxford Street, Regent Street, Piccadilly and Park Lane and one of the most expensive districts ...

for a decade. Great Portland Estates was rebranded to GPE in November 2021.

Operations

GPE is based in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

and the great majority of its assets are in London. It mainly owns office buildings, with a smaller amount of retail property. The largest group of properties is in the

Marylebone Marylebone (usually , also ) is an area in London, England, and is located in the City of Westminster. It is in Central London and part of the West End. Oxford Street forms its southern boundary. An ancient parish and latterly a metropo ...

district of

Central London Central London is the innermost part of London, in England, spanning the City of London and several boroughs. Over time, a number of definitions have been used to define the scope of Central London for statistics, urban planning and local gove ...

just to the north of

Oxford Street Oxford Street is a major road in the City of Westminster in the West End of London, running between Marble Arch and Tottenham Court Road via Oxford Circus. It marks the notional boundary between the areas of Fitzrovia and Marylebone to t ...

, in and around

Great Portland Street Great Portland Street is a commercial road in the West End of London which links Oxford Street with the A501 road, A501 Marylebone Road. A mixed-use street of residents and businesses, it divides Fitzrovia, to the east, from Marylebone to the ...

. The company also owns properties in the West End such as the West side of Hanover Square and in the

City of London The City of London, also known as ''the City'', is a Ceremonial counties of England, ceremonial county and Districts of England, local government district with City status in the United Kingdom, city status in England. It is the Old town, his ...

such as the

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician a ...

Headquarters. At 31 March 2024 Great Portland Estate's property portfolio was valued at circa £1.9 billion.

References

External links

Official siteYahoo profile
{{Authority control Real estate investment trusts of the United Kingdom Property companies based in London Companies listed on the London Stock Exchange Real estate companies established in 1959 1959 establishments in England Companies in the FTSE 250 Index

History

Operations

See also

References

External links