(Reuters) - Great Portland Estates Plc (L:GPOR), which owns offices and shops in central London, posted a 24.6 percent rise in full-year net asset value and raised its dividend, boosted by a boom in property demand.
The landlord said EPRA net asset value per share - a key measure for developers as it reflects the value of their buildings - rose to 709 pence over the year ended March 31, from 569 a year earlier. EPRA NAVs are calculated as per European Public Real Estate Association (EPRA) guidelines.
The rise in property value allowed Great Portland to increase its total dividend to 9.0 pence per share from 8.8 pence.