Great Portland Estates has benefited from the thriving London property market, leading to a forecast-beating set of full-year results. Financial Times
The developer, which has 82% of its portfolio located in and around London’s West End, said strong demand coupled with weak supply meant that rents should continue to grow by double-digits over the next 12 months.
'There is no better place to be than the West End at the moment,' said Toby Courtauld, chief executive. 'London has gone through a renaissance as a global city. There is an enormous amount of overseas capital coming into London and a lot of people are following that capital into the city. This is pushing up the demand for offices.'