FINANCE: Great Portland Estates boss Toby Courtauld’s total pay packet dipped by 32% to £3.3m in 2014. The drop is due to a reduction in the number of shares which will vest, reaping Courtauld £1.9m, down from the £3.6m he pocketed last year.
The REIT’s annual report shows that Courtauld’s salary rose from £505,000 to £520,000 and his annual bonus ticked up from £694,000 to £780,000. GPE delivered a 27.6% hike in NAV to 569p a share in the year to 31 March.
bridget.oconnell@estatesgazette.com
