COMPANIES Great Portland Estates, the London property investor, is positioning itself for a recovery in the market through a series of deals and new schemes, including one of the first debt restructuring development arrangements.
The company will buy and develop two West End schemes for £10m ($17m) under an innovative arrangement with Istithmar, the previous owner, and its bank Eurohypo that will give it the first of any profits, and a share of additional money above a limit.
