Toby Courtauld, the 37-year-old chief executive of Great Portland Estates (GPE), tells The Times that the emphasis in the next year will be on churning the portfolio and creating value through development and re-gearing leases on existing buildings.
He laughs off speculation that Morgan Stanley’s Real Estate Fund, which holds a 25.5% stake, will mount a bid to take it private. He says the company has a business growth story.
The newspaper gives GPE a total score of 59 out of 100 in the double-page spread that forms part of its 21st Century Stars series. GPE gets its highest marks, 7/10, for financial strength and share price prospects.
References: The Times 02/05/05 page 40-41
