Strong London demand drives profits at Great Portland Estates - UPDATE

Great Portland Estates, the Central-London property investor, saw a near-11 per cent rise in net asset value (NAV) and a strong increase in profits last year, as it said it expects to continue outperforming in the future.

Great Portland Estates, the Central-London property investor, saw a near-11 per cent rise in net asset value (NAV) and a strong increase in profits last year, as it said it expects to continue outperforming in the future.

NAV per share rose by 10.7% to 446p in the year ended March 31st, while the value of its property portfolio improved by 8.0% to £2.33bn.

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