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.
 

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