LONDON (Alliance News) - Great Portland Estates PLC on Thursday said it secured 116,300 square foot of lettings in its financial third quarter to the end of December.
The FTSE 250-listed property company said it secured 20 lettings in the quarter with a combined rent of GBP6.3 million in total, with GBP5.4 million attributable to Great Portland.
Investment lettings in the quarter were 4.9% ahead of its March 2014 rental values, the company added.
The group also said Richemont UK Ltd, the UK arm of Swiss luxury goods company Compagnie Financière Richemont SA, has leased the entire office at the Walmar House property in Regent Street in central London.
"This deal capped another strong leasing quarter for the group and, with robust demand for good quality London offices and sparse availability, we can expect healthy rental value increases during 2015," said Toby Courtauld, chief executive of Great Portland.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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