Summary
LONDON landlord Great Portland Estates (GPE) today said demand for its shops and offices has fallen 66% since May as would-be tenants desert the market.
The warning came as GPE posted first-half losses of [pounds]146.2 million, compared with profits of [pounds]130.7 million a year ago. Its estate has slumped 9.5% or [pounds]149.1 million in value in the last six months to [pounds]1.42 billion.See the full content of this document
Extract
Landlord Gpe Hit As Tenants Desert Market
Chief executi...
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