Great Portland Estates

Infobox Company
company_name = Great Portland Estates plc
company_
company_type = Public (lse|GPOR)
foundation = 1959
location = London, United Kingdom
key_people = Richard Peskin, (Chairman)
Toby Courtauld (CEO)
industry = Property
products =
company_slogan =
revenue = £50.2 million (2008)
operating_income = £27.1 million (2008)
net_income = £(4.1) million (2008)
num_employees =
homepage = [http://www.gpe.co.uk www.gpe.co.uk]

Great Portland Estates plc (lse|GPOR) is a British property development and investment company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The Company was founded by Basil Samuel in 1959 to invest in properties originally developed by the Dukes of Portland. [ [http://business.timesonline.co.uk/tol/business/movers_and_shakers/executive_movers/article3828692.ece Movers and Shakers: Richard Peskin] ] It was first listed on the London Stock Exchange later that year. [ [http://www.gpe.co.uk/about/history/ Great Portland Estates: History] ] It acquired the Ilex Estate in 1997. [ [http://www.propertyweek.com/story.asp?storyCode=2007878 Great Portland makes £96m offer for Pollen] ]

In 2007 the Company converted into a real estate investment trust. [ [http://findarticles.com/p/articles/mi_qn4158/is_20070103/ai_n17090357 Best may be over in dash by companies to convert to REITs] ]

Operations

The Company is based in London and the great majority of its assets are in London. It mainly owns office buildings, with a smaller amount of retail property. The largest group of properties is in the Marylebone district of central London just to the north of Oxford Street, in and around Great Portland Street. The Company also owns properties in the West End and in the City of London.

At 31 March 2008 Great Portland Estate's property portfolio was valued at circa £1.6 billion. [ [http://www.gpe.co.uk/investors/results/ Great Portland Estates: Results in brief] ]

References

External links

* [http://www.gpe.co.uk/ Official site]
* [http://uk.finance.yahoo.com/q/pr?s=GPOR.L Yahoo profile]