REG - Great Portland Ests. - GPE expands AI customer base

Great Portland EstatesAnnouncement

09/09/2025 07:00

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RNS Number : 4975Y  Great Portland Estates PLC  09 September 2025

 9 September 2025

 

GPE expands AI customer base to 18.5% of its Fully Managed portfolio

 

Great Portland Estates plc (GPE) announces that it has reinforced its growing
role as a landlord of choice for AI-powered businesses by securing its latest
Fully Managed letting with Vanta, a leading compliance automation and trust
management platform, for 7,500 sq ft at Kent House, W1.

Vanta becomes GPE's 10(th) AI-led customer, nine of which have taken Fully
Managed deals, joining a diverse community of innovative businesses across its
portfolio. AI-related customers now represent 7.1% of GPE's total office
portfolio or 18.5% of its Fully Managed offices.

The UK AI sector has experienced rapid growth, employing an estimated 86,000
people and generating £23.9 billion in annual revenue(1). Within this
landscape, London has firmly positioned itself as a global powerhouse for AI
innovation, now home to over 1,600 startups. In 2024, London-based AI
companies raised £2.7 billion, bringing total AI-investment to £9.9 billion
over the past five years, or 71% of all UK AI funding(2). This growth is
driven by London's unique blend of world-class universities, deep tech
expertise, and access to venture capital, positioning the city at the
forefront of AI innovation.

Toby Courtauld, Chief Executive at GPE, commented: "We are delighted to
welcome Vanta to their new Fully Managed space at Kent House. AI is reshaping
how we work, and London sits at the centre of this transformation. Our Fully
Managed buildings in prime London locations provide the flexibility and ease
of occupation that fast-growing businesses like Vanta need. While the rise of
AI may reduce global demand for office space, we believe premium workspaces in
globally significant cities will remain magnets for top-tier AI talent and
businesses and London is exceptionally well placed to benefit."

1.     Artificial Intelligence sector study 2024: Department for Science,
Innovation & Technology

2.     Tech Nation UK AI Sector Spotlight 2025

 Great Portland Estates plc                                                      +44            (0)            20             7647           3000
 Toby Courtauld, Chief Executive
 Nick Sanderson, Chief Financial & Operating Officer
 Stephen Burrows, Director of Investor Relations and Joint Director of Finance

 Yasemin Kiani, Communications Lead

 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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