Key Details

Overview

160 Great Portland Street is a 85,000sq ft office building with lower ground, ground and six upper floors in Marylebone, London W1.

The building was redeveloped behind the retained façades in the mid 1990's and refurbished in 2012.

There are 3 flats on the 6th floor and secure car parking is provided at lower ground level.

History

2018 - GPE sold the building for headline price of £127.3 million.

May 2012 - the completed 160 Great Portland Street is fully pre-let for £4.8 million p.a. Having accepted a surrender of £30 million from the outgoing tenant in 2011, GPE used the tenant's capital to refurbish this 89,300 sq ft office building to create a highly specified building for Double Negative, one of GPE's existing tenants. The innovative structure of this transaction and the successful pre-let delivered a profit on cost of 42% to the Group.

April 2013- Awarded with British Council for Offices London and South East Award for the best corporate workspace.


Source:

1. 160 Great Portland Street website www.160gps.co.uk May 2013
2. Great Portland Estates 2013 Preliminary announcement of results www.gpe.co.uk