Great Portland Estates completes new leases at W1 location
By Iain Gilbert
Date: Thursday 23 Jul 2026
(Sharecast News) - Property development and investment firm Great Portland Estates said on Thursday that it has completed four new leases at 16 Dufour's Place, one of its prime West End fully managed buildings, located in the heart of Soho.
Great Portland said the refurbished space was now 71% let, leaving just two office floors available, with the 9,312 square feet of lettings set to generate £2.38m of annual rent at £256 per square foot - 1.1% ahead of March 2026 enterprise rental values.
Following the relocation of two customers to the FTSE 250-listed firm's 141 Wardour Street asset, totalling around 6,000 square feet, GPE has transformed the ground floor amenity space at 16 Dufour's Place, with the upgraded communal areas now including a larger 20-person boardroom, breakout areas, lounge and self-serve coffee bar, and improved outdoor space.
David Korman, head of flex Leasing at GPE, said: "The pace of leasing at Dufour's Place demonstrates the strength of demand for our Fully Managed offer in prime locations. Customers are looking for high-quality workspace, excellent amenities and flexible terms, and 16 Dufour's Place is delivering exactly that."
As of 0910 BST, GPE shares were up 0.69% at 348.20p.
Reporting by Iain Gilbert at Sharecast.com
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