West End lettings

Great Portland Estates PLC
15 February 2008



Great Portland Estates concludes run of West End lettings

Great Portland Estates plc (GPE) announces that The Great Wigmore Partnership
(GWP), its 50:50 West End joint venture with Scottish Widows Investment
Partnership (SWIP), has concluded the final office lettings at 180 Great
Portland Street, W1.

GPE commenced work on the 81,000 sq ft major office refurbishment in January
2006, completing the project in early 2007.

By November 2007, 49% of the office space had been let at rents ranging from £55
per sq ft to £62.50 per sq ft. Since then, the remainder has been let to the
following companies on the terms as set out;

------------------------------------------------------------------------------------------
Tenant            Date        Area           Rent per sq ft      Term           Rent free 
------------------------------------------------------------------------------------------
MJ Mapp           19/12/07    16,054 sq ft   £60.00 per sq ft    10 years       8 months                               
------------------------------------------------------------------------------------------
Aegis Group plc   17/12/07    7,612 sq ft    £62.50 per sq ft    10 years       6 months
                                                                (tenant's break
                                                                 option year 7)
------------------------------------------------------------------------------------------
St Modwen         20/12/07    7,397 sq ft    £65.00 per sq ft    10 years       9 months
Developments Ltd      
------------------------------------------------------------------------------------------
Estee Lauder      28/01/08    7,377 sq ft    £67.50 per sq ft    10 years       12 months
Cosmetics       
------------------------------------------------------------------------------------------

The last remaining space in the 106,000 sq ft building is an 8,000 sq ft retail
unit which is under offer to a supermarket operator.

Commenting on these lettings, Neil Thompson, Development Director of GPE said
'We are delighted to welcome such a range of high calibre occupiers to this
first class building. These final lettings demonstrate that occupational demand
remains solid in the West End where 81% of our portfolio by value is located,
whilst the quality of the refurbishment has enabled us to generate rental growth
of 23% during the letting campaign alone'.


Contacts:

Neil Thompson   Development Director   Great Portland Estates plc  020 7647 3029
Toby Courtauld  Chief Executive        Great Portland Estates plc  020 7647 3042

Finsbury
Gordon Simpson                                                     020 7251 3801
James Murgatroyd                                                   020 7251 3801




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