REG - Great Portland Ests. - GPE Pre-lets 13,000 Sq Ft at Elsley House, W1

Great Portland EstatesAnnouncement

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RNS Number : 1330G  Great Portland Estates PLC  29 May 2026

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                                                       +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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