Great Portland Estates Interview on Preliminary Results 2009/10

LONDON, May 20, 2010 /PRNewswire-FirstCall/ -- Great Portland Estates, the central London property investment and development company, has reported NAV per share up 15.5% and posted adjusted profits up some 31% - a performance that its CEO Toby Courtauld describes as "very pleasing".

Speaking to financial broadcaster http://www.cantos.com, he outlined the company's development plan, commenting that "we've always been keen on bringing our development business in early to the recovery" and this was underlined by the company's announcement of a further two property acquisitions on the day.

He describes the outlook as very positive although he stated that there were some key caveats, not least how businesses react in the current economic climate.

FD Timon Drakesmith outlines the company's financial capacity to invest and expand the business depending on how the market unfolds from here.

The interview and transcript are available now on http://www.cantos.com.

Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email [email protected] or phone +44-207-936-1352.

SOURCE Great Portland Estates