GPE has signed 38 new leases worth a total of more than £10m since June.
Chief executive Toby Courtauld said it was “another strong period” of leasing activity, with GPE securing £16.3m of rent since the start of the financial year.
He added that GPE was “continuing to sign up new customers at rents comfortably ahead of March 2022 rental values”. The new leases are 5% ahead of ERV.
He said the deals showed “the continued demand for our brand of high-quality, well-located space, despite the challenging macro-economic and geopolitical backdrop”.
And while that backdrop is troubling, Courtauld said GPE was “looking beyond current market volatility”.
“Our clear focus on prime sustainable spaces, combined with market-leading levels of customer service, in core central London locations, will stand us in good stead. With our office market prospectively starved of new, grade-A supply, our long pipeline of best in class developments and significant financial firepower with a proven track record of capitalising on opportunities as they arise, we reiterate our confident outlook.”
The largest transaction during the period was at 1 Newman Street, W1, where GPE let the 13,900 sq ft second floor to AKO Capital Management.
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