First quarter valuation and business update
In today's Interim Management Statement, the Directors of Great Portland Estates plc announce an update on trading, as well as the quarterly valuation of the Group's properties as at 30 June 2010.
"London's property investment markets continue to recover during the quarter although at a lesser pace at the unsustainably high rates of the previous 2 quarters. We expect this less urgent mood to persist for the balance of the year, with investors looking to rental growth to support further price increases."
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