Acquisition

GREAT PORTLAND ESTATES P.L.C
6 September 1999



             GREAT PORTLAND MAKES STRATEGIC ACQUISITION IN
                        SAVILE ROW, LONDON W.1.
                                   
                                   
Great Portland Estates P.L.C. has acquired the 54 year leasehold
interest in 28 Savile Row, London, W.1. for £6 million from Coats
Viyella plc, who vacated their HQ building at the end of August.

Immediate plans for the 1,393.5 sq.m. (15,000 sq.ft.) building,
located on the corner of Savile Row and Clifford Street, include a
refurbishment to provide quality office space arranged over lower
ground, ground and five further levels.  On completion Great Portland
will be seeking rents in the region of £430.56 per sq.m. (£40 per
sq.ft.)

The Pollen Estate, in which Great Portland now has a 12.2% beneficiary
interest, owns the freehold of 28 Savile Row as well as the adjoining
property in Clifford Street, where it is understood that the current
leases expire in approximately four years.

Richard Peskin, Chairman of Great Portland, comments:

'The purchase of 28 Savile Row not only adds to our West end exposure
but, in the light of the forthcoming lease expiries in the adjacent
Clifford Street building, the deal provides some interesting angles
with substantial marriage value opportunities to be investigated.'

For further information contact:

Richard Peskin,
Chairman, Great Portland Estates             0171 580 3040