Great Portland Estates reports a 5.8% uplift in the portfolio valuation over the final quarter of 2013 driven by an 8.2% uplift in the valuation of development properties and rental growth of 1.3%. This helped drive an 8.2% uplift in the EPRA NAV to 527p.
Vacancy rates across the portfolio have fallen as they signed 29 new lettings. property sales helped drive the LTV ratio down to 29.1%. They have a number of development projects underway and planning is progressing with their proposed 414,000 sq ft project at Rathbone Place W1 (pictured).