GPE boss Courtauld boasts stronger annual performance than Landsec and British Land

Toby Courtauld

Great Portland Estates chief executive Toby Courtauld has claimed a strong set of annual results after the group’s valuation losses were lower than at rivals Landsec and British Land.

The claim comes despite a fall in net asset value of 9.3% and a fourfold increase in pre-tax losses to £130.6m during the year to the end of March, as outward yield shifts affected the commercial real estate market.

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