- EPRA net tangible assets slump
- £350mn rights issue announced
In a move that may or may not signal that the London commercial property market is in recovery mode, Great Portland Estates (GPE) has launched a 3-for-5 rights issue to raise £350mn. The issue is being pitched at a 33.4 per cent discount to the theoretical ex-rights price once the final dividend of 7.9p a share is factored into the equation.