One of GPE’s office redevelopments, at Hanover Square
(Picture: GPE)Great Portland Estates, one of central London’s major landlords, took a hit today from the revaluation of its property portfolio after a turbulent time for the City and the West End.
The FTSE 250 company reported a loss of almost £87 million and acknowledged that property values are under pressure. But it was upbeat on its prospects and the capital’s ability to get through the looming recession.
