Great Portland buys freehold of One Chapel Place

(Sharecast News) - Great Portland Estates said it has bought the freehold interest in the One Chapel Place office building in London's West End.

The purchase price is based on a property valuation of £56m, the company said on Monday, adding that the 34,230 sq ft building is fully let at an annual rent of £2.5m a year, with the office leases due to expire in mid-2028.

Reporting by Frank Prenesti for Sharecast.com