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(Sharecast News) - Property developer Great Portland Estates said on Friday that it has pre-let over 13,000 square feet of fully managed offices at Elsley House in West London, including both the first and second floors.
Great Portland said the space was let at an average rent of 260 per square foot, with the deals completed in March and April, 4.4% ahead of the site's new March 2026 enterprise rental value.
The FTSE 250-listed firm noted that the lettings followed its relocation of Heineken from Elsley House to wells&more last year and said a currency and cash management business has taken 3,440 square feet on the first floor south, while a global advertising agency has committed to 9,650 square foot on the second floor.
GPE's Molly Maguire said: "Pre letting over 13,000 sq ft ahead of launch demonstrates the strength of demand for our Fully Managed offer. Customers want high quality, ready to use space with flexibility from day one. With the refurbished floors now 80% let, Elsley shows how we are delivering the right product in the right locations at great pace."
As of 0940 BST, Great Portland shares were up 0.52% at 311.20p.
Reporting by Iain Gilbert at Sharecast.com
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