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Great Portland Estates reaches practical completion at 2 Aldermanbury Square
(Sharecast News) - Property developer Great Portland Estates said on Wednesday that it has reached practical completion at 2 Aldermanbury Square, EC2, delivering 321,650 square feet of "best-in-class HQ office space". Great Portland Estates stated that Clifford Chance, which has pre-let all the office space, will soon take occupation to begin its fit out.
The FTSE 250-listed firm said the milestone completes a project which was first designed in 2019, received planning consent in 2021 and was delivered on time and to budget.
The new 13 storey building delivers premium workspace in the heart of the City and benefits from excellent transport links, with Moorgate, Liverpool Street and Bank stations all within a short walk.
Miles Wilkinson, senior project manager at GPE, said: "Completing a development of this scale and complexity on programme is a major achievement. It reflects the strength of collaboration with Bovis, our supply chain partners and consultants, and shows what is possible when teams unite behind a shared sustainability vision."
As of 1000 GMT, GPE shares were up 1.24% at 185p.
Reporting by Iain Gilbert at Sharecast.com
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