GPE Pre-lets 13,000 Sq Ft at Elsley House, W1

Summary by AI ^BETAClose X

Great Portland Estates plc has successfully pre-let over 13,000 sq ft of Fully Managed office space at Elsley House, W1, achieving an average rent of £260 per sq ft, which is 4.4% above the March 2026 ERV. These lettings, completed in March and April, represent 80% of the refurbished space and demonstrate strong demand for their flexible office solutions, with a currency and cash management business taking 3,440 sq ft and a global advertising agency securing 9,650 sq ft.

Disclaimer*

Great Portland Estates PLC

29 May 2026

GPE pre-lets over 13,000 sq ft of Fully Managed space at Elsley House, W1 ahead of launch

Great Portland Estates plc (GPE) has pre-let over 13,000 sq ft of Fully Managed offices at Elsley House, W1, including both the first and second floors. The space has been let at an average rent of £260 per sq ft, with the deals completed in March and April, 4.4% ahead of the new March 2026 ERV. GPE launched the units in May and has good interest in the last remaining unit.

The lettings follow GPE's relocation of Heineken from Elsley House to wells&more last year, creating the opportunity to deliver four Fully Managed units across c.17,000 sq ft and upgrade the building's wider amenity offer. Demand for the newly refurbished space has been strong. A currency and cash management business has taken 3,440 sq ft on the first floor south, while a global advertising agency has committed to 9,650 sq ft on the second floor.

Elsley combines two Art Deco buildings, Elsley House and Elsley Court, centred around a redesigned courtyard. Located between Fitzrovia and the West End, Elsley sits within GPE's established West End cluster, close to Nineteen Wells Street and Kent House W1.

Molly Maguire, Senior Flex Leasing Manager at GPE, said: "Pre letting over 13,000 sq ft ahead of launch demonstrates the strength of demand for our Fully Managed offer. Customers want high quality, ready to use space with flexibility from day one. With the refurbished floors now 80% let, Elsley shows how we are delivering the right product in the right locations at great pace."

Great Portland Estates plc	+44	(0)	20	7647	3000
Toby Courtauld, Chief Executive
Stephen Burrows, Director of Investor Relations and Joint Director of Finance Yasemin Kiani, Senior Communications Lead Molly Maguire, Senior Flex Leasing Manager

FGS Global
James Murgatroyd & Gordon Simpson	+44	(0)	20	7251	3801

For further information see www.gpe.co.uk or follow us on X at @GPE_london

LEI Number: 213800JMEDD2Q4N1MC42

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END