Finance

GPE upgrades rental growth targets as it swings back to profit

By 2021-11-19T08:40:00

Toby Courtauld

Great Portland Estates (GPE) has upgraded its full-year rental value growth range to between 2% and 5% as lettings pick-up following the relaxation of Covid-19 restrictions.

Toby Courtauld, chief executive of London developer and investor, told Property Week, that while the upgrade was predominantly driven by the positive performance of its office portfolio, the group had also seen an improvement in its retail portfolio albeit “from a low base”.

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