Great Portland Estates has said that it is in a position to spend £1bn on property in the event of a market downturn.
The central London office investor said that it was leaving its options “fully open” amid the uncertainty caused by Brexit negotiations.
Toby Courtauld, chief executive, said that the company had no need to buy because it had a 1.3m sq ft development pipeline, but he added: “If any market weakness should emerge, we retain significant financial capacity to exploit it.”
