GRP completes sale of 103/113 Regent Street
Summary by AI BETAClose X
01 April 2026
The Great Ropemaker Partnership completes sale of 103/113 Regent Street, W1
The Great Ropemaker Partnership (GRP), a 50:50 joint venture managed by Great Portland Estates plc (GPE) has completed the sale of the 53 year short leasehold interest in 103/113 Regent Street, W1 to a private client of JLL. The headline price of £52 million is marginally behind the March 2025 book value and reflects a 7.2% net initial yield and a capital value of £912 per sq ft.
This latest disposal brings GPE's total sales in the last 12 months to £490 million, 2% in aggregate ahead of the respective March 2025 book values.
103/113 Regent Street is a prominent 56,850 sq ft Grade II Listed building located on one of London's premier retail destinations. The property provides a large retail unit with full frontage onto Regent Street and offices above and is fully let to UNIQLO, as its London flagship store, until 2036.
The building is held leasehold from The Crown Estate on a lease expiring in April 2079.
GRP acquired the property in December 2009, the sale crystallises a whole life ungeared IRR of approximately 10.9%.
Sophie Pearce, Senior Portfolio Manager at GPE, commented: "This sale marks a successful conclusion to a long-term investment for the Great Ropemaker Partnership. Since acquiring the building in 2009, we have benefited from strong occupier performance, sustained income growth and the enduring appeal of Regent Street as one of London's prime retail locations. The transaction reflects our ongoing strategy to recycle capital into opportunities with greater potential for value creation, while delivering strong returns for our partners."
|
Great Portland Estates plc |
+44 |
(0) |
20 |
7647 |
3000 |
|
Toby Courtauld, Chief Executive |
|
|
|
|
|
|
Stephen Burrows, Director Investor Relations and Joint Director of Finance Hugh Morgan, Director of Portfolio Management Sophie Pearce, Senior Portfolio Manager Yasemin Kiani, Senior Communications Lead
|
|
|
|||
|
|
|
|
|
|
|
|
FGS Global |
|
|
|
|
|
|
James Murgatroyd |
+44 |
(0) |
20 |
7251 |
3801 |
|
Gordon Simpson |
|
|
|
|
|
For further information see www.gpe.co.uk or follow us on X at @GPE_London
LEI Number: 213800JMEDD2Q4N1MC42
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.
Latest directors dealings
- 11 hours ago Luceco
- 11 hours ago Helios Towers
- 12 hours ago Wise Class A
- 12 hours ago EDX Medical Group Plc
- 12 hours ago Naked Wines