REG - Great Portland Ests. - GRP completes sale of 103/113 Regent Street

Great Portland EstatesAnnouncement

01/04/2026 07:00

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RNS Number : 9198Y  Great Portland Estates PLC  01 April 2026

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                                                                                                                                                                                                     +44                  (0)                  20                   7251  3801
 Murgatroyd
 Gordon
 Simpson

 

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

LEI Number: 213800JMEDD2Q4N1MC42

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