GPE Secures Planning for Fitzrovia Workspace Refurbishment

Great Portland Estates plc R.E.I.T. ( (GB:GPE) ) has issued an announcement.

Great Portland Estates plc has received planning permission from Westminster Council for the refurbishment of properties at 15 Gresse Street and 12/13 Rathbone Place in Fitzrovia. The project, designed by dMFK Architects, will transform the buildings into 43,000 sq ft of premium Fully Managed workspace, with construction set to begin in early 2026 and completion targeted for early 2027. This development is part of GPE’s strategy to enhance its Fully Managed portfolio, providing modern, stylish workspaces while respecting the historical significance of the site.

The most recent analyst rating on (GB:GPE) stock is a Hold with a £330.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

Spark’s Take on GB:GPE Stock

According to Spark, TipRanks’ AI Analyst, GB:GPE is a Neutral.

The overall stock score of 61 reflects mixed financial performance with significant income and cash flow volatility, a bearish technical outlook, and reasonable valuation metrics. The company’s increasing leverage and liquidity challenges are notable risks, while the valuation suggests some potential for value investors.

To see Spark’s full report on GB:GPE stock, click here.

More about Great Portland Estates plc R.E.I.T.

Great Portland Estates plc (GPE) operates in the real estate investment trust (REIT) industry, focusing on the development and management of premium office spaces. The company is known for its Fully Managed office offerings, which cater to businesses seeking high-quality, user-friendly work environments in prime locations.

Average Trading Volume: 903,081

Technical Sentiment Signal: Strong Sell

Current Market Cap: £1.26B

Find detailed analytics on GPE stock on TipRanks’ Stock Analysis page.