Great Portland Estates announces ITN lease renewal at Gray's Inn Road

Property group Great Portland Estates has announced that broadcaster ITN has renewed two leases at its media hub near Farringdon, committing to a further 10 years.

Great Portland Estates
13 January 2025 07:51:13

Source: Sharecast

ITN has renewed both of its leases for 117,000 square feet of workspace at 200 and 214 Gray's Inn Road in WC1, occupying 40% of the total floor area across the two properties where it produces news programming for ITV, Channel 4 and Channel 5.

The broadcaster has committed to annual rent of £4.1m from March 2025, with a break in the contract at year five.

The 287,900 sq ft building, a Foster + Partners designed building currently undergoing renovations, is a 50:50 joint venture between Great Portland Estates and Ropemaker Properties.

"We are delighted that ITN has renewed its leases at 200 Gray's Inn Road and committed to the building for a further 10 years," said GPE's chief executive Toby Courtauld.

"The new leases exemplify the confidence of our customers in GPE's ability to deliver a complete upgrade and renewal of 200 Gray's Inn Road into a best in class workspace, meeting the needs of our customers."

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