NAV nudges up at GPE

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Great Portland Estates (GPE) has posted a mixed set of annual figures with net asset value (NAV) nudging up, but revenue falling.

The central London-focused property group revealed a 1% rise in EPRA NAV to 853p for the year to the end of March, with total revenue of £112.4m, falling from £386.9m last year following almost £350m of asset sales. The net assets were valued lower at £2.3bn, reflecting the asset sales and revaluations.

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