# Great Portland Estates secures further lettings at City Tower

- Link: https://www.directorstalkinterviews.com/great-portland-estates-secures-further-lettings-at-city-tower/4121252999
- Published: 2026-06-04T07:40:40+01:00
- Author: Amilia Stone

**Great Portland Estates plc** (LON:GPE) has secured three further lettings at City
Tower, EC2, taking leasing of the recently refurbished space to 69%. The deals, 
which total 13,600 sq ft, were signed at an average premium of 3.1% to ERV, underlining
continued demand for GPE’s Fully Managed offer.

With the latest space complete, the building provides 43,000 sq ft of Fully Managed
space which is expected to deliver £8.5 million of annual rent at an average of 
£198 per sq ft (once fully let).

City Tower is being repositioned into a best-in-class Fully Managed asset in the
heart of the City, within a short walk of Moorgate, Bank and Liverpool Street underground
stations. GPE has now committed to deliver a further 43,600 sq ft of Fully Managed
offices, alongside a new entrance, café, gym and meeting room suite. Upon completion
in early 2027, around 90% of the building will have been converted.

> **Simon Rowley, Leasing & Flex Workspaces Director at Great Portland Estates, 
> said:** “These lettings underline the pace of demand for our Fully Managed offer
> and our ability to convert that demand into rental income quickly. At City Tower,
> we are delivering exactly what our strategy is designed to achieve, repositioning
> well located assets into flexible space that drives income growth and creates 
> long term value.”

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