Great Portland Estates Plc sells 24/25 Britton Street

  • Jan 10, 2020 GMT
  • Team Kalkine
Great Portland Estates Plc (LON: GPOR) has informed about the sale of 24/25 Britton Street, EC1 to an overseas investor.
  • The company has reported that to sell 24/25 Britton Street, EC1 to an overseas investor for a headline sale price of £64.50 million, it has exchanged contracts.
  • The headline price after the deduction of vendor top-ups comes to £64.06 million and suggests a net initial yield of 4.07 per cent and a capital value of £1,255 per sq ft.
  • On 10th January 2020, at the time of writing, GMT 08:09 AM, GPOR shares were trading at GBX 848.20, unchanged against the previous day closing price.

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