- Great Portland Estates
- 09 September 2025 07:56:32
Source: Sharecast
Great Portland Estates said Vanta had let 7,500 square feet at its Kent House asset in West London, becoming the company's 10th AI-led customer. AI-related customers now represent 7.1% of GPE's total office portfolio or 18.5% of its Fully Managed offices.
The FTSE 250-listed firm highlighted that the UK AI sector has experienced "rapid growth", employing an estimated 86,000 people and generating £23.9bn in annual revenue. GPE added that within this landscape, London had "firmly positioned itself" as a global powerhouse for AI innovation and was now home to over 1,600 startups.
Financial terms of the agreement were not disclosed.
Chief executive Toby Courtauld said: "AI is reshaping how we work, and London sits at the centre of this transformation. Our Fully Managed buildings in prime London locations provide the flexibility and ease of occupation that fast-growing businesses like Vanta need.
"While the rise of AI may reduce global demand for office space, we believe premium workspaces in globally significant cities will remain magnets for top-tier AI talent and businesses and London is exceptionally well placed to benefit."
Reporting by Iain Gilbert at Sharecast.com