West End Pre-Letting

Great Portland Estates PLC
13 September 2007



13 September 2007


Great Portland announces West End Pre-Letting


Great Portland Estates plc ('GPE') announces that it has agreed to pre-let the
entire office element of its major refurbishment and extension scheme at 60
Great Portland Street, W1 to The Engine Group, a communications business which
includes the WCRS advertising agency.

The Engine Group will take a twenty year lease over the basement and ground to
fifth floors totaling 60,000 sq ft and pay £3,565,000 per annum after a
seventeen month rent free period. The office rents range from £65 per sq ft for
the fifth floor to £60 per square foot on the first floor.

GPE commenced work on the building in January 2006 and expect to complete by the
end of 2007. In addition to the 60,000 sq ft of offices, the development will
provide 20,000 sq ft of showroom space and 9 residential flats.

The pre-letting to The Engine Group continues a successful run of lettings since
the beginning of July, bringing the total for the Group's second financial
quarter to 114,000 sq ft, generating an annual rent roll of £6.3 million and at
rents ahead of expected levels. These lettings include the remaining space at
the Group's refurbishment at Kent House, Market Place, W1, and 34,000 sq ft at
the refurbished Elsley House, Great Titchfield Street, W1 both leased at record
rents for the buildings being £77.50 per sq ft and £50 per sq ft respectively.
In addition, a further 16,000 sq ft has been let at 180 Great Portland Street to
Double Click Europe Ltd at a new rental level for the building of £58 per sq ft.

Commenting on these lettings Toby Courtauld, Chief Executive of GPE said; 'These
lettings build on the Group's strong performance during the first quarter and
provide a powerful endorsement for the quality of our refurbishments and
redevelopments. With the supply of new offices in the West End continuing to
fall and demand levels remaining robust despite current difficulties in the
financial markets, we continue to be optimistic about the prospects for further
rental growth'.


Contacts:

Great Portland Estates plc
Toby Courtauld             Chief Executive                  020 7647 3042
Neil Thompson              Development Director             020 7647 3029

Finsbury Group
Gordon Simpson                                              020 7251 3801



                      This information is provided by RNS
            The company news service from the London Stock Exchange