GPE to buy back £200m of shares as disposals continue

GPE Bond St new image

Great Portland Estates has unveiled plans to buy back £200m worth of shares as it continues to sell properties let on long leases.

Since 1 April the company has reduced its long dated portfolio from 16% to 9% following the sale of 55 Wells Street and said it would look to decrease it further as properties continue to see ‘robust demand from international capital’.

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