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Landlord sits on stable foundations

Great Portland Estates said yesterday that it was confident in the outlook for London’s property sector, despite a Brexit-related slowdown in the investment market.

The office landlord, which is developing Hanover Square in the West End of London, reported a 6.2% rise in annual like-for-like rental income to £100.4m.

Profit before tax fell by 27% to £56.1m amid slower growth in the value of its holdings.

Click here for the full Times article (£)

Click here for the full FT article (£)

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