Great Portland Estates (GPE)

Sector:

Property Investment Trusts

Index:

FTSE 250

393.50p
   
  • Change Today:
    -5.50p
  • 52 Week High: 534.50
  • 52 Week Low: 356.20
  • Currency: UK Pounds
  • Shares Issued: 253.87m
  • Volume: 85,682
  • Market Cap: £998.97m
  • RiskGrade: 82

Great Portland Estates inks lease with fashion brand Represent

By Josh White

Date: Monday 15 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Great Portland Estates announced on Monday that British luxury brand Represent had agreed to open its new London flagship store at the company's 135/141 Wardour Street property in Soho.
The FTSE 250 firm said the shop, spanning 5,000 square feet across two floors, would mark the brand's second global outlet after its successful store in West Hollywood, Los Angeles.

It said Represent is already stocked by more than 150 retailers globally, including Saks, Neiman Marcus and Harrods.

Scheduled to open in early 2025, the London flagship would be Represent's largest store and would feature its collection of contemporary menswear inspired by street culture.

Positioned in Soho at the corner of Wardour and Broadwick streets, the location would be within walking distance of the Tottenham Court Road Elizabeth line and Tube station.

GPE said the lease agreement saw Represent commit to a decade at the site, although it did not divulge any further financial details of the agreement.

The company said the 135/141 Wardour Street property also included premium office and restaurant space, private terraces on the fourth to sixth floors, and a communal roof terrace.

Through extensive refurbishment, the firm said it was aiming to provide top-tier fully-managed office spaces aligned with evolving customer needs, and its commitment to achieving net-zero carbon emissions.

"We are thrilled that Represent has chosen 135 Wardour Street for their London debut; this will be their second standalone store worldwide, hot on the heels of their LA opening," said GPE's head of retail Sarah Goldman.

"Vogue hailed them as the 'global contemporary brand' last year, and we have no doubt that the luxury streetwear brand will sit well among the local retail offer adjacent to brands including Supreme, Stussy and Ami.

"The area's appeal is clearly fast becoming the key location for all the newest streetwear brands."

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GPE Market Data

Currency UK Pounds
Share Price 393.50p
Change Today -5.50p
% Change -1.38 %
52 Week High 534.50
52 Week Low 356.20
Volume 85,682
Shares Issued 253.87m
Market Cap £998.97m
RiskGrade 82

GPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.01% above the market average56.01% above the market average56.01% above the market average56.01% above the market average56.01% above the market average
15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average
Price Trend
37.93% below the market average37.93% below the market average37.93% below the market average37.93% below the market average37.93% below the market average
65.52% below the sector average65.52% below the sector average65.52% below the sector average65.52% below the sector average65.52% below the sector average
Income
57.89% below the market average57.89% below the market average57.89% below the market average57.89% below the market average57.89% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
75.71% below the market average75.71% below the market average75.71% below the market average75.71% below the market average75.71% below the market average
92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average

What The Brokers Say

Strong Buy 2
Buy 5
Neutral 7
Sell 2
Strong Sell 3
Total 19
neutral
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GPE Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 01-Jun-23
Paid 04-Jan-24 10-Jul-23
Amount 4.70p 7.90p

Trades for 30-Apr-2024

Time Volume / Share Price
14:36 101 @ 393.50p
14:36 230 @ 393.50p
14:36 260 @ 393.50p
14:35 17 @ 394.00p
14:29 6 @ 394.50p

GPE Key Personnel

CEO Toby Courtauld

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