GPE

Thoroughly enjoyed the insights shared at yesterday's Bisnow Panel; 'Flexible Office Offering: Temperature Gauge'. If you weren't there here's a snapshot of three key takeaways for the Flex market from my GPE colleague Simon Rowley: 1. It’s not flexible working or flexibility of lease term, but the demand for a hassle-free office experience that’s driving our 'Fully Managed' success.   2. That demand makes the Flex market resilient – but any landlord that thinks they can apply an 'old school' approach to Flex will get left behind.   3. Your customer is the lifeblood of your business and they can vote with their feet - retention is everything! #London #Flexibleworkspaces #customerfirst

Congratulations to our Customer Experience team, who received a highly commended certificate for their entry to the ‘Team of the Year’ award at the IWFM | Institute of Workplace and Facilities Management Impact Awards 2024 🏆   This award recognises high-performing teams that embody a shared vision, trust, effective communication, diversity, leadership, professional development, and success, all aligned with their corporate objectives. Our team works tirelessly to create workplaces that offer memorable experiences and foster productive, enjoyable environments where customers can thrive. We are incredibly proud of their ongoing commitment to upholding GPE values. Well done team 👏

Situated between Clerkenwell, Bloomsbury, and King’s Cross, Elm Yard offers fully managed workspaces that prioritise wellbeing, fostering an environment where your people and business will thrive.    Offering a beautiful, shared garden courtyard, excellent amenities, a lively restaurant and bar scene, and superb travel connections, Elm Yard is the perfect place to work, relax, and socialise. Commuting is also made easy with access to seven tube lines across four nearby stations, including the new Elizabeth line.    Explore nearby Leather Lane market, the eclectic Lamb’s Conduit Street, and the bustling energy of Exmouth Market.   A newly converted workspace is now available on the second floor. This thoughtfully designed and self-contained office features 36 desks with space for up to 62 people, a contemporary kitchen, welcome lounge, breakout spaces, and three meeting rooms.     For your morning commute, there’s cycle storage, lockers, and shower facilities, and with 24-hour access and security, you have the flexibility to come and go as you please.    Fully Managed. Fully Fitted. Fully Yours.    Find out more on Elm Yard via the link: https://lnkd.in/eqPJz9tr   Richard Carson, Adam Cosgrove, Dana Henry, Georgina Willoughby MRICS, Ben Orchard-Smith, Luke Parkinson, Paul Gold

Introducing two fully managed workspaces, now available at Elsley House, Fitzrovia. This beautiful building seamlessly blends attractive architectural features with contemporary interior design, creating a space where style and character leave a lasting impression.   Located in the heart of vibrant Fitzrovia, Elsley House is surrounded by London’s best dining, retail, and cultural hotspots. Plus, you’ll enjoy a seamless commute with a choice of five stations and nine tube stations nearby, including Oxford Circus and Tottenham Court Road. With an inviting glass pavilion entrance, a serene courtyard setting, and a shared rooftop terrace with sweeping views across London, it’s the perfect place to escape the hustle and bustle. Each workspace is self-contained, with thoughtfully designed spaces to improve productivity. The North floor, at 3,061 sq. ft, features 34 desks with space for up to 48 people and the South floor, at 3,527 sq. ft, offers space for 36 - 54 desks.  Both floors are flooded with natural light, feature beautifully designed kitchens, breakout spaces, meeting rooms and phone booths, as well as access to the communal courtyard and rooftop terrace. Step into a furnished, sustainable workspace that’s fully managed, fully yours, and hassle-free. To discover more, contact the team or book a tour of the space: https://lnkd.in/eJHAAGfW Molly Maguire, Grace Laidler-Hall, David Korman Edward Charles & Partners – Jamie Shuttle & Sean Cunningham

This week we celebrated our annual Community Day across London 🤲   We partnered with five amazing charities to make a meaningful impact, working with XLP, National Energy Action (NEA), Bankside Open Spaces Trust, Coram's Fields, and Brixton Soup Kitchen. We were divided across multiple sites taking part in different activities including leading career workshops for young people, running a football tournament, renovating and cleaning community spaces, gardening, packing support packages, and cooking in the soup kitchen.   It was a fulfilling day that offered many opportunities to learn from our partner charities and support London communities. A huge thank you to our incredible team and the remarkable charities that made this day a success! If you'd like to help us support the great work these charities do, links to their fundraising websites are in the comments below. #GPE #London #Community #EveryLondonStory

We've published our latest trading update! 🙌   Maintaining our leasing momentum, we have generated £6.1 million of new leases and renewals in the quarter, averaging 6.4% ahead of 2024 ERV, with a further £8.8 million under offer at 16% ahead of 2024 ERV.   Two exciting Fully Managed schemes will be completing imminently, with SIX in Farringdon offering 48,000 sq ft and Thirty One Alfred Place in Fitzrovia offering 41,700 sq ft of office space, both amenity rich assets complemented by a communal lounge and meeting rooms, rooftop terrace, shared kitchen and a wellness studio.    Good progress has been made on our three on-site HQ development schemes: 2 Aldermanbury Square, Minerva House, and French Railway House. Our pipeline is also expected to grow with £100 million of assets under offer and additional £1.6 billion under review.    Toby Courtauld, our Chief Executive, comments: "With economic conditions improving and interest rates now falling, London’s unique characteristics set it apart as a global office hub with healthy long-term growth prospects; strong customer demand for our market-leading HQ and Flex spaces is enabling us to lease ahead of expectations in a market starved of such centrally-located, quality space and underpinning our conviction in our sizeable near-term pipeline. Meanwhile, favourable investment markets play to our acquisition ambitions and with our balance sheet strength we expect to add to our recent purchases, enhancing our already attractive growth prospects."   Read the full release here - https://lnkd.in/evhMH5d6

Welcome to Spinnaker Capital Limited who recently moved into 175 Piccadilly! 👋   Spinnaker Capital are a leading investment management firm specialising in global emerging markets. Moving from a traditional lease in the West End, Spinnaker were attracted to the benefits of taking a fully managed self-contained workspace in one of London’s most prestigious addresses. The statement period building at 175 Piccadilly boasts incredible views across to the Royal Academy and is surrounded by a huge choice of restaurants, iconic retail, cultural gems and the open spaces of Green Park and St James’s Park.   Bathed in natural light with a high-quality finish, their new office space on the 5th floor spans 1,719 sq ft and features 24 desks, a meeting room, quiet room and a private kitchen.   We hope Spinnaker will be very happy in their new workspace. If you're interested in a fully managed office space, contact our team David Korman Grace Laidler-Hall Molly Maguire For more information: https://lnkd.in/eJP2pZu6 Thanks to everyone who helped make Spinnaker's transition to their new GPE home seamless. GPE - Pascale van Zyl Savills - Dan Brown Tom Leahy Bluebook (London) - Tor Cuming George Knowles BNP Paribas Real Estate - Paul Anglo

We are delighted to announce that Gaggenau will be relocating their global flagship store at Orchard Court, part of our Portman & Wigmore estate ✨   Gaggenau has signed a 10-year lease at 6/7 Portman Square, W1, securing 6,900 sq ft of prime retail space—doubling the size of their previous London location. The flagship will offer high-quality home appliances with an emphasis on innovation.   Once complete Gaggenau's unit will serve as an anchor of Portman & Wigmore, creating a striking destination for high-end retail and showroom experiences, and further enhancing the vibrancy of this prime West End location.   “We are delighted that Gaggenau will be opening its new flagship at Portman Square. As one of the leading luxury home appliance brands, the decision to relocate from globally recognised Wigmore St and increase its footprint within the West End highlights the appeal of our central location at Portman & Wigmore, and shows we are committed to strengthening the retail offer.” says Sarah Goldman, our Head of Retail.   #WestEnd #LuxuryRetail #FlagshipStore #RetailDevelopment #GPELondon #Gaggenau

We are looking forward to welcoming our first arrival to Bramah House, Bondaval. The Fintech team is relocating from next door, going from a traditional lease to our Fully Managed offering. They'll be able to utilise the shared amenities at Bramah House's sister building, Woolyard, including shared meeting rooms, lounge and courtyard, as well as take part in ongoing events organised by our Customer Experience Manager. Their new spacious workspace accommodates up to 49 people and features a welcome lounge, 3 meeting rooms, kitchen, 2 phone booths, and a Winter garden. Do you want to join Bondaval, find our latest availability at Bramah House here: https://lnkd.in/eSK6cqZb Grace Tomlinson, David Korman, Molly Maguire Workthere Dan Brown, Holly Pollock, Tom Leahy, Jodie Burwood

We are pleased to announce that today we’ve priced a new £250 million sustainable bond! Strengthening our position, this bond will support the delivery of qualifying schemes within our portfolio, creating best-in-class sustainable spaces in central London and moving us towards our goal of becoming Net-Zero by 2040. Nick Sanderson, our Chief Financial & Operating Officer commented: "We are delighted with the robust demand for our debut Sustainable Sterling Bond, demonstrating the strong investor support for the ambition of our strategy and central London focused business model. The Bond will help fund the development of our best-in-class schemes and form part of our pathway to becoming net zero by 2040. When combined with our recent successful rights issue to take advantage of our significant pipeline of acquisition opportunities, we are well positioned to accelerate our growth into increasingly favourable market conditions."