Great Portland Estate reports full pre-letting

Great Portland Estates, the FTSE 250 property company, has announced that, Savills has now pre-let all of the remaining 31,700 sq ft of office space in a property in Margaret Street, London, paying 2.59m pounds per annum.

Savills will now occupy 95,617 sq ft of offices, paying a total of £6.99m.

Toby Courtauld, Chief Executive of GPE said: "We are delighted that Savills have now taken the whole of 33 Margaret Street. This deal continues GPE's successful run of pre-lettings, taking the total of recent lettings in development properties to over 290,000 sq ft at 33 Margaret Street, 160 Great Portland Street and 240 Blackfriars Road."

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When the building is completed in October this year, Savills will take seven separate 20-year leases on the property.

NR