REG - Great Portland Ests. - GPE secures planning for Fully Managed scheme

Great Portland EstatesAnnouncement

29/09/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250929:nRSc0737Ba&default-theme=true

RNS Number : 0737B  Great Portland Estates PLC  29 September 2025

29 September 2025

 

GPE secures planning for Fully Managed scheme at Gresse Street, W1

 

Great Portland Estates plc (GPE) has today announced that Westminster Council
has resolved to grant planning permission for the high-quality refurbishment
of 15 Gresse Street and 12/13 Rathbone Place, W1 as part of its Fully Managed
offering.

 

Located in the heart of Fitzrovia, less than 200 metres from the Elizabeth
line station at Tottenham Court Road, the scheme will provide 43,000 sq ft of
premium Fully Managed workspace across five floors. Designed by dMFK
Architects, proposals include the retention and refurbishment of the existing
buildings together with small extensions to the rear upper floors to create
practical, user-friendly floorplates and a larger communal terrace for office
customers.

 

Works are due to start early 2026, with completion targeted for early 2027.

 

Trevor Phyo, Senior Development Manager at GPE commented: "We are thrilled to
have secured Westminster Council's resolution to grant planning permission for
this project, enabling us to bring new life to this building, enhancing and
elevating it for a new chapter in its history. We are excited to be delivering
a best-in-class office in this prime location, and further our strengthening
Fully Managed portfolio."

 

Ben Knight, Director at dMFK added: "15 Gresse Street has a rich 90-year
history shaped by its legacy in manufacturing and fashion design. Our
proposals honour this heritage by reimagining this tired yet characterful
building into a stylish, comfortable, and sociable modern workplace."

 

 

 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

 Trevor Phyo, Senior Development Manager

 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

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBUGDCCBDDGUL