Profit at Soho Estates has risen sixfold over the year to £108.9m.
The hike, from £19m last year, was largely due to an £88m rise in the value of the portfolio, which increased to £1.16bn. This, in turn, was driven by the completion of work on the 325,000 sq ft Ilona Rose House, W1.
However, rental income fell by 16% over the year from £35.3m to £29.5m, as it factored in rent-free periods given to tenants during the pandemic.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
