for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Great Portland's retail portfolio valuation plunges on pandemic hit

Nov 11 (Reuters) - Property developer Great Portland Estates on Wednesday reported an 18% plunge in the valuation of its retail portfolio due to the coronavirus restrictions, with office take-up in central London dropping to a record low.

The company, which owns 2.6 billion pounds ($3.45 billion) worth of property in central London, including retail and office space, said its net rental income in the six months ended Sept. 30 fell to 30.6 million pounds from 39.5 million pounds a year earlier. ($1 = 0.7528 pounds) (Reporting by Aakash Jagadeesh Babu in Bengaluru; editing by Uttaresh.V)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up