Great Portland Estates lets 93,000 sq ft since July

The FTSE 250 firm said these resulted in total lettings of 158,900 sq ft since the start of the financial year on 1 April, generating a combined annual rent of £11.5m, with GPE’s share at £10.3m.

Of the 13 lettings since 1 July, the most notable included 73/89 Oxford Street, W1 - known as 1 Dean Street - where 33,100 sq ft of offices were pre-let to Moneysupermarket.com Group.

MSM will occupy the third, fourth and fifth floors on a 15 year term, with a break at ten, paying annual rent of £2.7m.

GPE said MSM also has a right of first offer, exercisable in December 2016, to pre-let the remaining 9,500 sq ft sixth floor, with the two retail units already pre-let to New Look and Benetton.

At 30 Broadwick Street, W1, the third floor of 14,600 sq ft was pre-let to EQT, the European private equity business, on a 15 year term with a break at ten, paying annual rent of £1.3m.

Together with the pre-letting in late June of the 7,950 sq ft restaurant unit to The Ivy Soho Brasserie, GPE said the building is now 25% pre-let ahead of completion later this month, with good interest in the remainder.

At Mount Royal, 508/540 Oxford Street, W1, in early October, GPE said it agreed a back-to-back surrender and re-letting to replace an existing retailer with Holland & Barrett at the prime retail site at the western end of Oxford Street.

Holland & Barrett will occupy the 10,200 sq ft store on a 10 year lease paying annual rent of £1.6m, 26.0% ahead of the previous passing rent and capturing a significant reversion.

“We are pleased with the continued leasing momentum across our portfolio and our most recent pre-lettings have further de-risked our committed development programme, now being around 70% pre-let or pre-sold,” said chief executive Toby Courtauld.

“With a further £4.4m of space currently under offer, the limited available space across our portfolio continues to attract healthy leasing interest.”