GPE completes leasing at SIX St Andrew Street, EC4

Summary by AI BETAClose X

Great Portland Estates plc has completed the leasing of its SIX St Andrew Street development, with the final 11,680 sq ft let to an AI company, bringing the building to full occupancy. This achievement generates £8.8 million in annual rent at an average of £200 per sq ft, exceeding the estimated rental value by 6.2% and yielding 6.2% on cost. AI-related customers now constitute 11.7% of GPE's total office portfolio, highlighting strong demand for their Fully Managed offerings, with 19 deals completed in the last quarter and seven more under offer.

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