The Courtyard
Site acquired by Great Portland Estate

Site acquired by Great Portland Estate

24/05/2024 by Buildington
Site acquired

Great Portland Estates (GPE) has announced a property swap with the City of London Corporation (CLC).

GPE will acquire a long leasehold interest in The Courtyard at 1-3 Alfred Place for £28.6 million and simultaneously sell its short leasehold interest at 95-96 New Bond Street to CLC for £18.23 million.

This transaction results in a net cash payment of £10.4 million from GPE to CLC, set for completion in January 2025.

To continue reading:

Subscribe to Starter Plan £49/month to access the full content. Sign up to get started.

Included in Starter Plan - Perfect for individuals and small businesses:

  • Access to exclusive content (progress updates and photos)
  • Submit Building listings
  • List Company
  • Company logo on buildings

See all our subscription plans

Sign up

Already have an account? Log in

Show all news for The Courtyard