Great Portland pre-lets City Tower space: 14 analysts rate Great Portland Estates stock Outperform

Published on 10/05/2026 at 15:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Great Portland Estates stock costs EUR 3.60 on October 5, 2026 versus EUR 3.62. City Tower leasing exceeds 20,000 sq ft in the financial year.

Modernes Bürogebäude in London als Sinnbild für Great Portland Estates plc — Modernes Londoner Bürohochhaus zeigt Great Portland Estates plc, ISIN GB00B01FLL16, im zentralen Immobilien-Portfolio, Illustration mit AI erstellt.

Great Portland Estates (ISIN GB00BF5H9P87) was trading at EUR 3.60 at Lang & Schwarz on October 5, 2026 at 3:40 p.m. CEST, down 0.55 percent versus the prior close of EUR 3.62. On September 24, 2026, Great Portland pre-let an initial floor at City Tower, while 14 analysts were listed with an Outperform mean consensus by MarketScreener.

City Tower leasing passes 20,000 sq ft

According to GPE on September 24, 2026, the transactions cover more than 4,300 sq ft, with a further floor under offer. The company said leasing activity at City Tower had exceeded 20,000 sq ft so far in the financial year.

The latest phase will convert a further 38,000 sq ft into Fully Managed workspace. Once completed in early 2027, City Tower is expected to provide 80,000 sq ft of Flex space, linking the current leasing activity to a larger operating platform.

Analyst consensus remains constructive

The MarketScreener page published on September 10, 2026 lists 14 analysts and an Outperform mean consensus for Great Portland Estates. Its average target price is GBP 3.894, while the quote data show a market capitalization of GBP 1.2 billion as of October 5, 2026.

The primary listing is on the LSE under GPE.L. The LSE quote context was GBp 304.20 at 2:53 p.m. BST on October 5, 2026, within a GBp 270 to GBp 377 52-week range. The euro quote and the pence-denominated LSE figures use separate venues and currencies.

Pre-lets add operating evidence

For investors, the useful distinction is between development capacity and leasing conversion. Great Portland has already moved more than 20,000 sq ft of City Tower leasing into the financial year, while the further 38,000 sq ft phase and the 80,000 sq ft completed Flex footprint define the remaining execution path.

At Lang & Schwarz, Great Portland Estates stock was trading at EUR 3.60 on October 5, 2026 at 3:40 p.m. CEST, down 0.55 percent versus the EUR 3.62 prior close dated October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Great Portland Estates stock.