REG - Great Portland Ests. - GPE completes leasing at 19 Wells Street W1

Great Portland EstatesAnnouncement

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RNS Number : 2281E  Great Portland Estates PLC  14 May 2026

14 May 2026

GPE completes leasing campaign at Nineteen Wells Street, W1

Great Portland Estates plc (GPE) has completed the leasing campaign at
Nineteen Wells Street, W1, with all floors in the Fully Managed refurbishment
now let or under offer, only six months post completion.

The lower ground floor (1,446 sq ft) has been let to a global leader in
business messaging solutions for local enterprises, while the ground floor
(1,335 sq ft) has been let to a central London development corporation. The
remaining first floor (2,754 sq ft) is currently under offer.

In total, the building is now fully let or under offer, securing £3.7 million
of annual rent at an average of £245 per sq ft, some 7.7% ahead of ERV and
delivering a 20% ungeared IRR since acquisition.

Located opposite Tottenham Court Road station, Nineteen Wells Street has
recently been refurbished to deliver more than 19,000 sq ft of premium
workspace across five floors. The building includes high-quality shared
amenities, such as a communal terrace with great views across London, as well
as a communal boardroom.

Nineteen Wells Street further strengthens GPE's growing Fully Managed cluster
in Fitzrovia, alongside nearby holdings including Elsley House, Kent House and
The Howlett (formerly 7/15 Gresse Street and 12/13 Rathbone Place, W1).

Molly Maguire, Senior Flex Leasing Manager, said: "Completing the leasing at
Nineteen Wells Street is another strong result for our Fully Managed offer.
The pace of leasing, together with the rents achieved, underlines the
continued demand for high-quality, well-located workspace and the strength of
our premium product."

 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                                                       +44            (0)            20             7251           3801
 Simpson

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

LEI Number: 213800JMEDD2Q4N1MC42

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