IN BRIEF: Great Portland Estates completes 30 Duke Street development
Great Portland Estates PLC - London-based office space developer and landlord - Completes 30 Duke Street, an office and retail building in the St James's neighbourhood of central London. Great Portland says the development is completed on time, on budget, and fully pre-let. Private equity firm Clayton, Dubilier & Rice LLC makes the building its headquarters, while the retail space is let to menswear brand MJ Bale and restaurant group L'Eto. Average rents are 6.7% ahead of estimated rental value, meaning Great Portland expects a development profit on cost of 37.1%. The company also notes that 78% of 30 Duke Street's steel frame is made from recovered steel, primarily from Great Portland's deconstructed City Place House. This reduced the carbon emissions from the steel frame by 90% compared with entirely new steel.
Current stock price: 324.80 pence
12-month change: up 10%
By Tom Waite, Alliance News editor
Comments and questions to newsroom@alliancenews.com
Copyright 2026 Alliance News Ltd. All Rights Reserved.
The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
What’s Ahead for Stocks This Quarter—and Where to Invest
5 Stocks to Sell for Tax-Loss Harvesting
33 Undervalued Stocks to Buy Before the Market Shifts Again
Ask the Analyst: What Is the Best Source for Low-Risk Tax-Free Income?
United States