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Great Portland Estates PLC (GPOR) is a property investment and development business headquartered in London, UK. The company primarily owns office buildings, with a smaller amount of retail property. Most of its assets are located in London. The Great Portland Estates share price is listed on the London Stock Exchange and included in the FTSE 250 Index.
The company’s history started in 1959 when it was established by Basil Samuel. Its main target was to invest in properties initially developed by the Dukes of Portland. After some acquisitions took place, Great Portland Estates converted into a real estate investment trust in 2007 when REITs were introduced in the UK. As of March 2018, its property portfolio was valued at circa around £2.3 billion.
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Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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