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Great Portland Share Price Surges 11% on $100mln Investment

Great Portland offices London
Nigel F

Shares of Great Portland Estates PLC (LON: GPOR) soared over 11% on Monday after it was revealed that KKR & Co, a major hedge fund, acquired a 5.35% stake for 74.3 million pounds ($94.7 million).

Great Portland, which is focused on renting office buildings in central London, has seen its value crash by nearly 50% during the pandemic-related selloff. Shares have struggled to recover in the meantime, hitting fresh 6-month lows last week.

The KKR investment values the company at around 1.5 billion pounds. The US-based hedge fund becomes the sixth-largest shareholder. KKR is estimated to have over $150 billion worth of assets under its management.

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Great Portland stock price gained 11% on a major investment September 2020

Greater Portnald share price is up over 11% in the green today to trade at 615p. The buyers are now likely to target August highs at 623p.

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Nigel F
Nigel F
Team Member

Nigels tiefes Verständnis der Finanzmärkte basiert auf über 10 Jahren Erfahrung. Nigel wurde bisher zweimal von der FCA (Financial Conduct Authority) autorisiert und hat in der letzten Zeit eine Finanz-Brokerage Firma besessen und verkauft. Er liefert hochaktuelle Analysen und Einsichten in die Finanzmärkte und in die allgemeine Wirtschafts- und Währungspolitik des Vereinigten Königreichs, der USA, Europas und Asiens.