REG - Great Portland Ests. - GPE secures 38,400 sq ft of Fully Managed leasing

Great Portland EstatesAnnouncement

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RNS Number : 4416U  Great Portland Estates PLC  26 February 2026

26 February 2026

GPE announces 38,400 sq ft of Fully Managed leasing so far this calendar year

Great Portland Estates plc (GPE) announces that it has agreed 16 Fully Managed
deals since 1 January 2026 (let or under offer). These deals will secure £9.1
million of annual rent at an average of £236 per sq ft, 9.7% ahead of ERV and
generating a 74% cash flow beat to equivalent traditional Ready to Fit
leases.

The new lettings span 38,400 sq ft of newly refurbished premium office space
and includes five customer renewals, one customer expanding their workspace,
and 10 new customers joining the portfolio.

This brings Fully Managed leasing for the financial year to 50 deals, covering
148,900 sq ft and securing £35.4 million in annual rent, 7.8% ahead of ERV.
This includes GPE's newly completed 170 Piccadilly, W1 and phase one of City
Tower, EC2 which are now 50% and 100% let respectively.

Simon Rowley, Flex Workspaces Director, commented: "Demand for our Fully
Managed spaces in prime locations has never been stronger. Alongside our
recent leasing success, we have also experienced record viewing levels in the
first two months of the year, up 36% on the same period last year. This
reinforces the strong and growing demand for our best in class workspaces and
service led experience we provide to our customers across London."

 Great Portland Estates plc                                 +44 (0)20 7647 3000
 Toby Courtauld, Chief Executive
 Stephen Burrows, Director of Financial Reporting & IR
 Simon Rowley, Flex Workspaces Director
 Yasemin Kiani, Communications Lead

 FGS Global
 James Murgatroyd & Gordon Simpson                          +44 (0)20 7251 3801

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

LEI Number: 213800JMEDD2Q4N1MC42

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