Great Portland Estates has completed a raft of lettings at Great Portland Street in the West End of London.

Great Portland Estates, in its Great Wigmore Partnership with Scottish Widows Investment Partnership (SWIP), has concluded the final office lettings at 180 Great Portland Street.

51% space taken since November

Since November tenants have signed up to the remaining 51% of space including MJ Mapp which has taken 16,054 sq ft at £60/sq ft on a 10 year lease.

Aegis Group has taken 7,612 sq ft at a £62.50/sq ft on a 10 year lease with a break option at year seven.

St Modwen Developments has taken 7,397 sq ft at £65/sq ft on a 10 year lease and Estee Lauder Cosmetics has taken 7,377 sq ft on a 10 year lease at £67.50/sq ft

Supermarket sweeps last unit

The last remaining space in the 106,000 sq ft building is an 8,000 sq ft retail unit which is under offer to a supermarket operator.

Neil Thompson, development director of GPE said: ‘These final lettings demonstrate that occupational demand remains solid in the West End where 81% of our portfolio by value is located, whilst the quality of the refurbishment has enabled us to generate rental growth of 23% during the letting campaign alone.’

GPE started work on the 81,000 sq ft office refurbishment in January 2006 and finished in early 2007. By November 2007, 49% of the office space had been let at rents ranging from £55/sq ft to £62.50/sq ft.

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